Ravi Kailas

The renewable power sector in India keeps growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited is listed london and is also among the largest alternative energy producers in India today. Were thrilled to present this paper, coded in partnership with PwC India, explaining the Indian renewables sector and highlights a number of the differences between it and also the, perhaps more well known, markets in Europe.

Having built a 560 MW operating portfolio over the past five-years, Mytrah is benefitting from a few of the key differences highlighted in this paper:
1. India is brief of power, and therefore, new renewable capacity produces electricity on an undersupplied market.
2. Renewable capacity is faster to showcase than alternatives like coal-fired power.
3. Renewable electricity costs are just like those of electricity business sources.

As opposed to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India gains advantage from truly market-led alternative energy demand, without significant subsidy. Strong support through the Government asia reinforces industry fundamentals, making a dynamic market which is growing. India already has 35 GW of sustainable energy capacity and plans to grow this 500% on the next six years.

What he perfectly located at the sector was surprising. India’s wind energy potential is all about 80,000 MW; 15,000 MW is definitely placed on the bottom. But there is not just a single large IPP [independent power producer] in the industry. “Countries like Spain have several listed wind entities, but also in India it can be close to nil. Compare this to about 20 listed thermal companies. Along with the next Decade, wind being an 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 earth, for renewables. With 400 MW in construction today as well as a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play a significant role within the expansion of renewable capacity. Hopefully that might be this paper to become a useful and informative resource and will also be glad to participate in further discussion.

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