Odyssey Energy Solutions, a global climate-tech leader in distributed renewable energy (DRE) finance and technology, has launched its supply chain credit program in India. This strategic move introduces a flexible, scalable, and tech-enabled financing model tailored to address the country’s critical supply chain liquidity challenges and accelerate the deployment of renewable energy infrastructure nationwide.
With India targeting 500 GW of non-fossil fuel energy capacity by 2030, the market is on a fast track to becoming a global clean energy powerhouse. However, energy installers and EPCs of C&I projects—particularly small and medium-sized enterprises (SMEs)—continue to face significant hurdles in accessing capital during the procurement and construction phases of projects. Odyssey’s supply chain credit, especially designed for solar EPCs, aims to fill this gap by offering just-in-time credit that aligns with project milestones and cash flows.
Having successfully implemented this solution across Africa and Latin America, Odyssey now brings its proven model to India’s burgeoning distributed renewable energy (DRE) market. The program is designed to ensure that developers, EPCs, and installers can acquire essential equipment and resources without frontloading large capital outlays, thereby eliminating delays, reducing upfront costs, and accelerating project execution.
Key features of the Odyssey supply chain credit program
- Substantial Credit Lines: The program offers credit facilities of up to ₹42 crore (approximately US$5 million), giving developers the financial leverage needed to scale operations confidently.
- Minimal Capital Commitment: With a 15% down payment requirement, the offering significantly reduces the initial capital burden, making it especially beneficial for capital-constrained players.
- No Collateral and Minimal Paperwork: Resulting in low transaction costs for participating EPCs, installers, and developers.
- Bundled Financing: Odyssey’s model uniquely combines funding for both procurement and construction into one simplified offering, streamlining the financing process and improving efficiency.
- Rapid Approvals via Digital Platform: The entire credit application and disbursement process is managed through Odyssey’s digital platform, enabling onboarding and approvals within as little as 72 hours.
- Integrated Monitoring and Transparency: The platform also incorporates remote monitoring tools to track project performance in real-time, ensuring transparency and compliance with sustainability and financial standards.
Driving nationwide clean energy impact
The supply chain credit program is designed for pan-India reach, targeting a wide array of renewable energy applications including solar PV, battery storage, and mini-grid projects. It is especially aligned with the government’s agenda to boost energy access in rural and underserved areas while also supporting the expansion of urban clean energy infrastructure.
By unlocking liquidity at crucial project stages, the initiative directly contributes to India’s energy security and climate goals. The program is underpinned by Odyssey’s strong global network of over 3,000 renewable energy developers and strategic alliances with leading original equipment manufacturers (OEMs), enhancing supply chain reliability and efficiency.
Enabling execution over fundraising
Speaking about the launch, Piyush Mathur, Co-founder of Odyssey Energy Solutions, noted: “India’s clean energy sector is growing at an incredible pace, but financing barriers continue to slow down deployment, affecting SMEs most acutely. Supply chain credit is specially designed to eliminate cash flow constraints for renewable energy projects, ensuring that developers and installers can focus on execution rather than fundraising. By integrating fast, milestone-based credit with real-time project tracking, we’re bringing a new level of efficiency and scalability to India’s renewable energy market.”
Eligibility and access
The credit facility is open to a wide range of project stakeholders, including:
- Solar developers and EPC contractors
- Rooftop installers
- Battery storage and hybrid system integrators
- MSME-focused renewable energy providers
- Captive solar asset owners
Eligible companies can apply through Odyssey’s streamlined digital portal, which simplifies access and accelerates deployment timelines.
About Odyssey Energy Solutions
Odyssey Energy Solutions operates the world’s largest climate-tech platform focused on the low-carbon energy transition in emerging markets. The platform connects over 3,000 renewable energy companies with ₹23,000+ crore (US$2.5 billion) in available financing. In addition to credit, Odyssey offers tools for procurement, remote monitoring, and carbon credit monetization, reinforcing its leadership in driving scalable, sustainable energy solutions across Asia, Africa, and Latin America.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
