Orb Energy has achieved a milestone by disbursing over ₹300 crore through its unique in-house financing facility. This initiative offers zero collateral and zero down payment options, helping small and medium enterprises (SMEs) in India overcome financial barriers to adopting solar energy. By addressing key challenges faced by Indian businesses, especially MSMEs and SMBs, Orb Energy is making solar solutions more accessible and affordable.
The company manages the entire solar value chain, including manufacturing, installation, and financing, to provide a seamless experience for its clients. High upfront costs have traditionally discouraged many SMEs from switching to solar energy. Orb Energy’s financing model addresses this issue, allowing businesses to adopt solar solutions without the burden of large initial investments. Clients can repay their loans over up to five years. Once the loan is paid off, businesses benefit from decades of free electricity with solar panels that come with a 25-year warranty.
Orb Energy’s efforts have resulted in significant growth, with the deployment of approximately 350 MW of solar PV installations across India. The company has a strong presence in the southern and western regions of the country. Its innovative financing options have made solar energy adoption viable for many businesses, helping them reduce operational costs and improve their competitiveness in the market.
Damian Miller, Co-founder and CEO of Orb Energy highlighted the importance of overcoming financial obstacles for SMEs in transitioning to solar energy. He emphasized that the company’s tailored solutions are designed to remove the barriers of high upfront costs, enabling businesses to shift to clean energy and become more cost-effective. Over time, the savings on electricity expenses enhance the profitability of these businesses, creating lasting financial and environmental benefits.
Looking to the future, Orb Energy plans to disburse an additional ₹1,000 crore in the next three years. This goal reflects the company’s commitment to helping Indian businesses reduce their operational costs, embrace sustainability, and contribute to the nation’s renewable energy targets. By continuing to provide accessible financing solutions, Orb Energy aims to support the growth of SMEs and advance India’s transition to clean energy.
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