Ravi Kailas

The alternative energy sector in India is increasing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited is listed inside london and is also among the largest sustainable energy producers in India today. We are glad to present this paper, coded in partnership with PwC India, explaining the Indian renewables sector and highlights some of the differences between it and also the, perhaps higher quality, markets in Europe.

Having built a 560 MW operating portfolio throughout the last 5yrs, Mytrah is benefitting from a few of the key differences highlighted within this paper:
1. India is brief of power, and thus, new renewable capacity produces electricity with an undersupplied market.
2. Renewable capacity is quicker to showcase than alternatives including coal-fired power.
3. Renewable electricity cost is similar to those of electricity using their company sources.

In contrast to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India benefits from truly market-led alternative energy demand, without significant subsidy. Strong support in the Government of India reinforces the market fundamentals, creating a dynamic market which is rapidly expanding. India already has 35 GW of alternative energy capacity and promises to grow this 500% on the next six years.

What he perfectly located at the sector was surprising. India’s wind energy potential is about 80,000 MW; 15,000 MW is attached to the bottom. But there were not only a single large IPP [independent power producer] in the commercial. “Countries like Spain have several listed wind entities, in India it is near nil. Match it up with to around 20 listed thermal companies. As well as in another Decade, wind being an industry will prove to add something similar to 50,000 MW. That’s a mainstream number,” says Kailas.

As we see it, India is easily the most exciting power market on the planet, particularly for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play a serious role inside the increase of renewable capacity. Hopefully you will have this paper becoming a useful and informative resource and will be very happy to embark on further discussion.

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