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.
Philips, Orb Energy lighten Barefoot College in Rajasthan
New 116 kW solar off-grid system will power the old Tilonia campus of the Barefoot College – working in various fields, including women empowerment, for the advance of rural communities through solar power.
Orb Energy raises over $15 million for rooftop solar
The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.
