Ravi Kailas
The sustainable energy sector in India continues to grow rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited shows up inside london which is among the largest sustainable energy producers in India today. We are pleased to present this paper, designed in partnership with PwC India, which explains the Indian renewables sector and highlights a few of the differences between it as well as the, perhaps better known, markets in Europe.
Having built a 560 MW operating portfolio during the last 5yrs, Mytrah is benefitting from many of the key differences highlighted on this paper:
1. India stands of power, and thus, new renewable capacity produces electricity with an undersupplied market.
2. Renewable capacity is quicker to market than alternatives like coal-fired power.
3. Renewable electricity price is comparable to the ones from electricity off their sources.
As opposed to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages from truly market-led renewable energy demand, without significant subsidy. Strong support from your Government of India reinforces the market industry fundamentals, making a dynamic market which is growing. India already has 35 GW of renewable power capacity and intends to grow this 500% within the next six years.
What he found in 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 were not a single large IPP [independent power producer] in the business. “Countries like Spain have a lot of listed wind entities, however in India it can be near nil. Organic and natural to about 20 listed thermal companies. And in another 10 years, wind just as one industry include something like 50,000 MW. That’s a mainstream number,” says Kailas.
In our view, India is among the most exciting power market on the planet, for renewables. With 400 MW in construction today and a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play a serious role inside the increase of renewable capacity. Produce your own . that might be this paper to become a useful and informative resource and will also be thrilled to participate in further discussion.
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