This paper 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:
In contrast 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 from the Government of India reinforces the market fundamentals, creating a dynamic market which is growing rapidly. India already has 35 GW of renewable energy capacity and plans to grow this 500% over the next six years.