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