India's renewable energy IPP Mytrah Energy hits 1GW of wind capacity

Thanks to additional capacity at its Aspari project in Andhra Pradesh.

Mytrah Energy, one of India’s largest renewable energy IPPs announced that the installation of additional capacity at its Aspari project in Andhra Pradesh has taken its total wind portfolio energy capacity to 1000 MW (1 Gigawatt).

The IPP now has 15 projects in 8 states in its portfolio. 200 wind masts are installed across various Indian states.

Elaborating on the key contributing factors to the milestone, Mr. Vikram Kailas, MD & CEO, Mytrah Energy said, “Three things help translate our plans into reality. First, we execute our plans in a rigorous manner. Whether in an under-construction project or a fund-raising exercise, we really sweat the small stuff. Second, we actively support a culture of innovation. Several of our current practices started as ‘garage experiments’ within the firm. Third, we take a long-term view of the business and invest our resources accordingly. Some of these bets may seem quite contrarian but have proved to be right in the long term. Our industry-leading wind resource capability, for example, is the result of this approach.”

Mr. Shirish Navlekar, Joint MD & CFO, Mytrah Energy, added that their collective loan book of 2500 crores in 2014 helped them deliver 543 MW. "We kept the momentum to reach a collective fund mobilization of over 10,000 crores including one of the largest refinancing transactions in the renewable space in India in next two years to complete our gigawatt journey."