Orb Energy, a Bengaluru-based vertically integrated provider of solar energy solutions in India, has received a $20 million follow-on loan from United States International Development Finance Corporation (DFC) to support its in-house financing facility for rooftop and ground-mounted solar customers in India.
Orb manufactures PV panels and provides finance for small and medium-scale enterprises (SMEs) through a collateral-free loan that matches the payback period for its solar systems. It received its first loan of $10 million from DFC, also to support its in-house finance for SMEs.
Orb Energy was founded in 2006 by Damian Miller and NP Ramesh. Since its inception, it has sold more than 160,000 solar systems in India, with cumulative installations of approximately 170 MW of rooftop solar systems.
Orb is headquartered in Bengaluru, where it also manufacturers its own range of solar photovoltaic panels. It also has a subsidiary in Kenya serving the African market.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
Very useful articles
I was researching about energy today and came across your website – great collection of high-quality articles.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.