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


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236