The alternative energy sector in India keeps growing rapidly and presents a way for strong financial returns. Mytrah Energy Limited is listed working in london which is one of several largest alternative energy producers in India today. Were very happy to present this paper, written in partnership with PwC India, explaining the Indian renewables sector and highlights some of the differences between it along with the, perhaps better known, markets in Europe.
Having built a 560 MW operating portfolio over the last five years, Mytrah is benefitting from a few of the key differences highlighted with this paper:
1. India is brief of power, and therefore, new renewable capacity produces electricity on an undersupplied market.
2. Renewable capacity is faster to promote than alternatives for example coal-fired power.
3. Renewable electricity cost is similar to that relating to electricity off their sources.
As opposed to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages of truly market-led renewable power demand, without significant subsidy. Strong support in the Government asia reinforces industry fundamentals, making a dynamic market which can be growing rapidly. India already has 35 GW of sustainable energy capacity and plans to grow this 500% on the next six years.
What he based in the sector was surprising. India’s wind energy potential is around 80,000 MW; 15,000 MW is definitely installed on the floor. But there were not only a single large IPP [independent power producer] available. “Countries like Spain have several listed wind entities, however in India it really is all-around nil. Organic and natural to about 20 listed thermal companies. Plus another Ten years, wind as an industry create something like 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is the most exciting power market on the planet, particularly for renewables. With 400 MW in construction today as well as a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continually play a significant role inside the expansion of renewable capacity. We hope you will likely have this paper to become useful and informative resource and are thrilled to participate in further discussion.
For more information about Ravi Kailas you can check our new web site.