The renewable energy sector in India continues to grow rapidly and presents a way for strong financial returns. Mytrah Energy Limited shows up inside london and is also one of many largest sustainable energy producers in India today. We are glad to present this paper, developed in partnership with PwC India, explaining the Indian renewables sector and highlights a number of the differences between it along with the, perhaps also known, markets in Europe.

Having built a 560 MW operating portfolio throughout the last 5 years, Mytrah is benefitting from a few of the key differences highlighted with this paper:
1. India is short of power, thereby, new renewable capacity produces electricity to have an undersupplied market.
2. Renewable capacity is quicker to promote than alternatives including coal-fired power.
3. Renewable electricity costs are comparable to that regarding electricity off their sources.

Not like Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages from truly market-led sustainable energy demand, without significant subsidy. Strong support through the Government asia reinforces industry fundamentals, making a dynamic market which can be rapidly expanding. India already has 35 GW of renewable energy capacity and plans to grow this 500% over the next six years.

What he perfectly located at the sector was surprising. India’s wind energy potential is around 80,000 MW; 15,000 MW is definitely attached to the bottom. But there was not only a single large IPP [independent power producer] available. “Countries like Spain have a lot of listed wind entities, however in India it really is close to nil. Match it up to around 20 listed thermal companies. And in the next 10 years, wind as an industry include something similar to 50,000 MW. That’s a mainstream number,” says Kailas.

In our view, India is among the most exciting power market on the globe, designed for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited is constantly play an important role within the increase of renewable capacity. Hopefully that might be this paper to become a useful and informative resource and will also be thrilled to take part in further discussion.

To read more about Ravi Kailas please visit web page: click.