The sustainable energy sector in India keeps growing rapidly and presents a chance for strong financial returns. Mytrah Energy Limited is listed working in london and it is one of several largest alternative energy producers in India today. We’re very happy to present this paper, designed in partnership with PwC India, which is the Indian renewables sector and highlights many of the differences between it and 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 on this paper:
1. India is short of power, and therefore, new renewable capacity produces electricity for an undersupplied market.
2. Renewable capacity is faster to advertise than alternatives such as coal-fired power.
3. Renewable electricity costs are comparable to that relating to electricity using their company 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 from your Government asia reinforces industry fundamentals, developing a dynamic market which is growing rapidly. India already has 35 GW of sustainable energy capacity and offers 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 placed on the floor. But there were not only a single large IPP [independent power producer] available. “Countries like Spain have several listed wind entities, but in India it’s all-around nil. Match it up with about 20 listed thermal companies. And in another Decade, wind as a possible industry include something similar to 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is regarded as the exciting power market on the planet, for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continually play a major role within the development of renewable capacity. Produce your own . you will likely have this paper becoming a useful and informative resource and are very happy to participate in further discussion.
More information about Ravi Kailas have a look at this popular site.