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Mercom forecasts 100% growth in solar installations in 2016

There is a cautious optimism in the solar industry as aggressive bidding remains a major concern throughout the sector, the company says

BS Reporter  |  Hyderabad 

Mercom Capital Group, a global clean energy communication and research firm, forecasts a near 100 per cent growth in solar installations in India for the 2016 calendar year to over 4 GW from a total of 2,133 MW in the previous year. In their quarterly update on Indian solar market released today, Raj Prabhu, CEO and co-founder of Mercom Capital said the Indian solar sector was finally coming out of hibernation: "Solar installations in 2015 increased by 142 per cent after three years of remaining flat, and we expect 2016 and 2017 to record a strong growth." There are ...

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First Published: Wed, March 09 2016. 12:58 IST
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