Renewable energy presents profitable growth opportunity for investors in India: Report

Indian renewable energy presents a profitable growth opportunity for investors even as tariffs are declining, according to a report prepared by consultancy firm PricewaterhouseCoopers and renewable energy producer Mytrah Energy.

The country’s renewable energy development is demand driven, unlike in Europe that offers subsidies or bears losses incurred in displacing existing coal or nuclear power. The capital and operating costs of wind or solar projects are far lower in India due to inherent cost advantage and extensive competition, said the report titled ‘Renewable energy’s transformation of Indian electricity landscape’.

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