Orb Energy installs 700 kW rooftop solar system to power Bergen Pipe factory
Bergen Pipe Supports India’s factory in Tirupati, Andhra Pradesh, is projected to save more than INR 70 lakh per annum from their rooftop solar system, with payback in just 3 years 8 months.
$89 billion worth of investments likely to flow into the C&I RE sector in India by 2030
An additional 120 GW of C&I RE capacity is required to be set up by 2030 for India to attain its solar and wind target of 420 GW by 2030. This translates to US$89 billion worth of investments flowing into the sector between 2024 and 2030.
Orb Energy establishes 35 MW (DC) solar park in Karnataka
Orb Energy’s solar park model allows enterprises to purchase plots and own solar sub-arrays within the park.
India installed 2,520 MW of rooftop solar in the twelve months ending June
The nation added 2,520 MW of rooftop solar in the twelve months ending June 30, 2022, taking the cumulative rooftop installations to 10,221 MW.
Orb Energy secures $20 million in follow-on funding from DFC
Orb Energy has raised a second loan of $20 million from US Development Finance Institution DFC. It will use these funds to extend further finance to SME customers of its rooftop and ground-mount solar systems.
Scaling finance could drive MSME rooftop solar
Rooftop solar growth in India has so far largely been driven by a few large creditworthy organizations in the commercial and industrial sector. However, if accessible financing options are made available, growth can also be replicated in micro, small and medium-sized enterprises (MSMEs) as well, says a new report.
Shell acquires 20% stake in Orb Energy
The fossil fuel giant, like many of its global peers, is making inroads into renewable energy activity and has invested an unspecified amount in becoming a significant shareholder in a business which installs rooftop PV systems for commercial and industrial clients.
Interview: Damian Miller, CEO of rooftop solar supplier Orb Energy
Founded in 2006, Bengaluru-based Orb is a rooftop solar provider that manufactures panels and provides finance for SMEs through a collateral-free loan that matches the payback period for its solar systems. Orb has sold more than 160,000 units in India, with cumulative installations of around 65 MW of PV rooftop capacity.
Orb Energy begins third phase of one of India’s largest multi-site PV rooftops
The solar manufacturer is installing three rooftop systems in Karnataka and Tamil Nadu for polypropylene woven fabric maker Klene Paks. The units will have a cumulative capacity of 7.63 MW.
Orb Energy to double panel manufacturing, raise $55 million
Bangalore-based Orb Energy is gearing up to double its solar PV panel manufacturing capacity from 60 MW to 120 MW, and aims raise US$55 million by the first quarter of 2019.
