Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success
POWER & RENEWABLE ENERGY

Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions.

The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India. Its in-house financing model offers repayment terms of up to five years, effectively lowering the financial barriers that often deter SMEs from adopting solar energy due to high upfront costs.

Highlighting this challenge, Co-founder and CEO Damian Miller noted that traditional financing hurdles have discouraged solar adoption among SMEs. However, Orb Energy’s approach addresses this issue, facilitating the shift to cleaner energy while reducing operational expenses. He emphasized that after loan repayment, clients benefit from years of cost-free electricity, supported by solar panels with a 25-year warranty.

Looking forward, the company intends to disburse an additional Rs 10 billion in financing over the next three years, solidifying its position as the only solar manufacturer offering in-house financing for SMEs. The initiative is part of its broader goal to help Indian businesses reduce costs, boost profitability, and support the country's renewable energy objectives.

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions. The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India. Its in-house financing model offers repayment terms of up to five years, effectively lowering the financial barriers that often deter SMEs from adopting solar energy due to high upfront costs. Highlighting this challenge, Co-founder and CEO Damian Miller noted that traditional financing hurdles have discouraged solar adoption among SMEs. However, Orb Energy’s approach addresses this issue, facilitating the shift to cleaner energy while reducing operational expenses. He emphasized that after loan repayment, clients benefit from years of cost-free electricity, supported by solar panels with a 25-year warranty. Looking forward, the company intends to disburse an additional Rs 10 billion in financing over the next three years, solidifying its position as the only solar manufacturer offering in-house financing for SMEs. The initiative is part of its broader goal to help Indian businesses reduce costs, boost profitability, and support the country's renewable energy objectives.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement