Orb Energy launches first ground-mounted solar park in Karnataka
POWER & RENEWABLE ENERGY

Orb Energy launches first ground-mounted solar park in Karnataka

Orb Energy, a prominent player in India's solar power sector, has inaugurated its inaugural 35 MW (DC) ground-mounted solar park in Arsikere, Hassan district, marking a significant milestone in the company's endeavours. This sprawling park, spanning 110 acres, is set to generate 52.4 million units of clean energy annually while mitigating 45,000 tons of carbon dioxide emissions per year. Designed specifically to empower Small and Medium Enterprises (SMEs) in the region, Orb Energy aims to develop and commission approximately 400 MW of solar parks across India for SMEs by the end of the decade, with an estimated investment of around Rs 200 million during the same period.

Orb Energy's innovative solar park model allows enterprises to purchase plots and own their own solar sub-arrays within the larger park, a concept that has garnered significant traction among SMEs in Karnataka. With 27 MW (DC) already operational across roughly 90 acres, Orb Energy projects the completion of its SME-centric solar park by the middle of the current financial year. To further facilitate SMEs in owning their portion of a solar park, the company provides access to its unique collateral-free, in-house financing facility, offering a five-year tenor to enable swift and cost-effective transition to off-site solar solutions.

By owning an off-site solar system, SMEs can expect significant reductions in electricity costs over the system's lifetime, compared to current grid tariff rates. This mutually beneficial arrangement not only addresses growing electricity demand but also enhances SME competitiveness, benefiting both discoms and enterprises. Damian Miller, co-founder and CEO of Orb Energy, expressed enthusiasm for the positive response from SMEs across various industries, highlighting the empowerment of businesses in controlling rising electricity expenses and improving competitiveness.

Looking ahead, Orb Energy plans to establish its second solar park in Karnataka, further supporting SME clients in their sustainability journey and contributing to India's renewable energy landscape. (Source: Economic Times)

Orb Energy, a prominent player in India's solar power sector, has inaugurated its inaugural 35 MW (DC) ground-mounted solar park in Arsikere, Hassan district, marking a significant milestone in the company's endeavours. This sprawling park, spanning 110 acres, is set to generate 52.4 million units of clean energy annually while mitigating 45,000 tons of carbon dioxide emissions per year. Designed specifically to empower Small and Medium Enterprises (SMEs) in the region, Orb Energy aims to develop and commission approximately 400 MW of solar parks across India for SMEs by the end of the decade, with an estimated investment of around Rs 200 million during the same period. Orb Energy's innovative solar park model allows enterprises to purchase plots and own their own solar sub-arrays within the larger park, a concept that has garnered significant traction among SMEs in Karnataka. With 27 MW (DC) already operational across roughly 90 acres, Orb Energy projects the completion of its SME-centric solar park by the middle of the current financial year. To further facilitate SMEs in owning their portion of a solar park, the company provides access to its unique collateral-free, in-house financing facility, offering a five-year tenor to enable swift and cost-effective transition to off-site solar solutions. By owning an off-site solar system, SMEs can expect significant reductions in electricity costs over the system's lifetime, compared to current grid tariff rates. This mutually beneficial arrangement not only addresses growing electricity demand but also enhances SME competitiveness, benefiting both discoms and enterprises. Damian Miller, co-founder and CEO of Orb Energy, expressed enthusiasm for the positive response from SMEs across various industries, highlighting the empowerment of businesses in controlling rising electricity expenses and improving competitiveness. Looking ahead, Orb Energy plans to establish its second solar park in Karnataka, further supporting SME clients in their sustainability journey and contributing to India's renewable energy landscape. (Source: Economic Times)

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?