The sustainable energy sector in India continues to grow rapidly and presents a chance for strong financial returns. Mytrah Energy Limited shows up in London and it is one of many largest renewable energy producers in India today. We are thrilled to present this paper, developed in partnership with PwC India, explaining the Indian renewables sector and highlights some of the differences between it and also the, perhaps also known, markets in Europe.
Having built a 560 MW operating portfolio over the last 5 years, Mytrah is benefitting from a number of the key differences highlighted within this paper:
1. India stands of power, thereby, new renewable capacity produces electricity to have an undersupplied market.
2. Renewable capacity is quicker to showcase than alternatives including coal-fired power.
3. Renewable electricity costs are similar 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 gains advantage from truly market-led renewable energy demand, without significant subsidy. Strong support from the Government asia reinforces the market fundamentals, creating a dynamic market that’s rapidly expanding. India already has 35 GW of renewable power capacity and intends to grow this 500% on the next six years.
What he based in the sector was surprising. India’s wind energy potential is about 80,000 MW; 15,000 MW is already set up on the ground. But there was not just a single large IPP [independent power producer] in the business. “Countries like Spain have several listed wind entities, however in India it really is close to nil. Organic and natural about 20 listed thermal companies. And in the following Ten years, wind being an industry will add 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, specifically renewables. With 400 MW in construction today as well as a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continuously play a serious role inside the growth of renewable capacity. We hope you will have this paper to become a useful and informative resource and will also be pleased to engage in further discussion.
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