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