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

Having built a 560 MW operating portfolio over the past five-years, Mytrah is benefitting from a number of the key differences highlighted with this paper:
1. India is brief of power, and so, new renewable capacity produces electricity to have an undersupplied market.
2. Renewable capacity is quicker to advertise than alternatives for example coal-fired power.
3. Renewable electricity prices 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 of truly market-led alternative energy demand, without significant subsidy. Strong support through the Government of India reinforces industry fundamentals, developing a dynamic market which can be growing rapidly. India already has 35 GW of renewable energy capacity and promises to grow this 500% on the next six years.

What he found in the sector was surprising. India’s wind energy potential is about 80,000 MW; 15,000 MW has already been placed on the bottom. But there was clearly not really a single large IPP [independent power producer] available. “Countries like Spain have a lot of listed wind entities, however in India it really is near to nil. Organic and natural about 20 listed thermal companies. And in the subsequent Decade, wind being an industry create something like 50,000 MW. That’s a mainstream number,” says Kailas.

As we see it, India is among the most exciting power market in the world, specifically renewables. With 400 MW in construction today as well as a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continually play a major role within the growth of renewable capacity. Develop that you will find this paper becoming a useful and informative resource and are pleased to take part in further discussion.

To read more about Ravi Kailas you can check this popular webpage.