India’s Mytrah turns profit with 310MW of wind capacity

Indian wind power developer Mytrah Energy says it had 310MW of operating wind assets as of 30 September 2012.

For the six months up until 2012, Mytrah says its revenues increased to $30.73m, compared to $2.27m during the same period in 2011. EBITDA was $27.89, compared to an EBITDA loss of $0.94m a year early. After profits were $12.23m, compared to a loss of $0.7m during the same period in 2011.

Mytrah says it is currently developing the 24MW Gotne project in Maharashtra, and expects to commission projects with over 1.15GW of capacity in 2014 and 2015, including 270MW of assets scheduled for commissioning in mid 2014. It is in the…

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