Ravi Kailas

The sustainable energy sector in India is growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited shows up in London which is one of several largest renewable energy producers in India today. We have been pleased to present this paper, coded in partnership with PwC India, explaining the Indian renewables sector and highlights a few of the differences between it and also the, perhaps also known, markets in Europe.

Having built a 560 MW operating portfolio over the past five-years, Mytrah is benefitting from many of the key differences highlighted with this paper:
1. India stands of power, and thus, new renewable capacity produces electricity with an undersupplied market.
2. Renewable capacity is faster to showcase than alternatives such as coal-fired power.
3. Renewable electricity costs are comparable to the ones from electricity using their company sources.

As opposed to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India benefits from truly market-led renewable power demand, without significant subsidy. Strong support in the Government of India reinforces the marketplace fundamentals, making a dynamic market which is rapidly expanding. India already has 35 GW of sustainable energy capacity and plans to grow this 500% in the next six years.

What he located in the sector was surprising. India’s wind energy potential is around 80,000 MW; 15,000 MW is definitely placed on the bottom. But there was clearly not only a single large IPP [independent power producer] available. “Countries like Spain have a lot of listed wind entities, in India it can be all-around nil. Organic and natural about 20 listed thermal companies. Plus the subsequent A decade, wind as an industry create 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 planet, specifically renewables. With 400 MW in construction today along with a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play an important role within the expansion of renewable capacity. We hope that might be this paper to become useful and informative resource and you will be pleased to engage in further discussion.

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