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)