The renewable energy sector in India is growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited is listed in London and is one of the largest renewable energy producers in India today. We are pleased to present this paper, written in partnership with PwC India, which explains the Indian renewables sector and highlights some of the differences between it and the, perhaps better known, markets in Europe.
Having built a 560 MW operating portfolio over the last five years, Mytrah is benefitting from some of the key differences highlighted in this paper:
1. India is short of power, and thus, new renewable capacity produces electricity for an under supplied market.
2. Renewable capacity is faster to market than alternatives such as coal-fired power.
3. Renewable electricity prices are similar to those of electricity from other sources.