Ravi Kailas

The renewable energy sector in India is increasing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited shows up inside london and is also one of several largest alternative energy producers in India today. Were thrilled to present this paper, coded in partnership with PwC India, which is the Indian renewables sector and highlights many of the differences between it along with the, perhaps more well known, markets in Europe.

Having built a 560 MW operating portfolio over the last five-years, Mytrah is benefitting from a few of the key differences highlighted with this paper:
1. India is short of power, and thus, new renewable capacity produces electricity on an undersupplied market.
2. Renewable capacity is quicker to advertise than alternatives such as coal-fired power.
3. Renewable electricity costs are similar to that regarding electricity business sources.



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

What he found in the sector was surprising. India’s wind energy potential is around 80,000 MW; 15,000 MW is definitely set up on the floor. But there is not really a single large IPP [independent power producer] in the industry. “Countries like Spain have a lot of listed wind entities, however in India it really is all-around nil. Organic and natural to about 20 listed thermal companies. Along with another Ten years, wind being an industry will add something such as 50,000 MW. That’s a mainstream number,” says Kailas.

In our opinion, India is among the most exciting power market in the world, for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited is constantly play a major role inside the development of renewable capacity. Hopefully you will have this paper to become useful and informative resource and you will be thrilled to engage in further discussion.

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