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Tata Motors joins compact SUV bandwagon with Nexon AL wins Deming prize again PSU non-life firms seek to protect share Mercedes-Benz sales continue to zoom New India Assurance posts impressive show PPP model for infrastructure development TVS Automobile invests Rs.75 crore in start-up firms L&T bags the Mumbai Trans-harbour link order M & M unveils driverless technology for tractors Are they really independent? Solar installations exceed 2015 capacity in five months ITC – steep excise hike Hindalco – re-rating Vellayan is back, after 150 days Hyundai to focus on SUVs and AMT variants AL introduces Guru & Partner Yamaha unveils scooter boutique Michelin to double Chennai capacity Ponni Sugars (Erode) Ltd: not so sweet 2012-13 TI Cycles plans retail expansion to drive sales for premium bicycles Bajaj Finserv – Q1: fare well The gainers and the losers E.I.D Parry (India) Ltd: another sweet year Consolidating leadership position in smartphones RoC in the dock... Sivasankaran enters taxi space to take on Uber and Ola L&T profit up by 11 per cent Forging industry worried over lower supply of steel and its price Sundram Fasteners rejigs international V-Guard launches app-enabled water heater system Kone India eyes further growth in elevator market CAPITAL NOTES Right to privacy – now it’s fundamental! Last stages 29 per cent jump in TCS revenues The unexpected exit Chinese smart phones flourish in small towns too! Is this a generation gap? Welcome focus to improve rural India... Tata Motors charts investments in PV and CV businesses Daimler’s truck exports from Chennai cross 5000 units Maruti – for young buyers Nissan exit shouldn’t affect ALL Land wars Rane targets Rs.5500 crore topline by 2018-19 L & T’s floating dock for navy IOB on turnaround path Carnival Films acquiring 3000 screens pan India Tata Motors bets on new launches Dish TV – subscriber additions encouraging Tata Motors aims to be among the Top 3 global CV & PV firm L & T set bigger ambitions in defence business Emami – a new growth mantra Back in growth mode HPCL plans Rs.61,000 crore capex over 5-years Housing demand revival Tata Steel, ThyssenKrupp sign MoU to merge European units A niche in FMCG business... ITC chairman calls for policy impetus to transform agriculture TVS Srichakra plans capacity expansion Record two-wheeler sales Smooth sailing of SAIL It takes two to tango Eyes strong growth in 2016-17 He excels in the nuts and bolts of entrepreneurship Wabco launches safety system Toyota and Suzuki to introduce EVs in India by 2020 Aurobindo Pharmacy: good turnaround LVB posts 31 per cent growth in Q1 net profit TN government keen on revival of operations at Nokia complex Daimler grows sales and share in India Smartphone onslaught by Chinese brands Preparing for the next growth curve Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Gamesa to set up a plant in Nellore When small is not so beautiful… Ode to Ratan Tata AL secures orders for 3600 buses Singur minus Nano – victory or folly? Titan Company – sales recovery to kick in A welcome initiative-even critics are recognised Tata gets 4-star rating for Zest Increasing market share From the toughest to the best year Hyundai India achieves 7 mn production at Chennai factory
 
Solar installations exceed 2015 capacity in five months

New installations in the solar sector stood at 2.2 GW during the first five months of 2016, according to Mercom Capital, a global clean energy communications and consulting firm.

 “Cumulative solar installations in India crossed the 7.5 GW mark as of May 2016 with about 2.2 GW installed so far this year, more than all of the solar installations in 2015. India’s solar project pipeline has now surpassed 22 GW with about 13 GW under construction and about 9 GW in the request for proposal (RfP) process,” it said.

Government’s strong commitment to renewables and its push towards solar have begun to show results, as solar represented 2.5 per cent of the net installed capacity in India at the end of 2015-16, up from 1.4 per cent a year ago. Also, it was the fastest growing new energy source in the country.

Solar accounted for 17.4 per cent of all renewable energy generation in 2015-16 compared to 10.5 per cent in 2014-15.

 “The Indian solar market is growing in size but the question is: is it too much and too fast, as infrastructure and systems have not kept pace with auction announcements. For the sector to move from 2 GW to 10 GW market, work still needs to be done,” said Raj Prabhu, CEO and Co-Founder of Mercom Capital Group.

Low bidding levels through reverse auctions have been a major concern at a time when the Indian banking sector is going through its own challenges, which could make borrowing much more difficult in the short-term, it said.

 

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