Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Renewable Solar

Orb Energy Partners with SBI for Surya Shakti Solar Finance Scheme

editor by editor
June 7, 2024
in Solar
Reading Time: 2 mins read
0
Mr. Damian Miller, Co-founder & CEO of Orb Energy
Share on FacebookShare on TwitterShare on Linkedin

Bengaluru : Orb Energy has announced its partnership with the State Bank of India (SBI). This agreement designates Orb Energy as an approved vendor under SBI’s Surya Shakti Solar Finance Scheme. Launched by SBI, the country’s largest lender, the Surya Shakti scheme aims to enhance the financing options available for solar power projects. Through this collaboration, SBI will offer solar loans to Orb Energy’s residential, commercial, and industrial customers, facilitating the installation of rooftop solar systems.

Under this agreement, SBI will offer solar loans to Orb Energy’s residential, commercial, and industrial customers for the installation of rooftop solar systems. For commercial and industrial customers, SBI will provide loans of up to Rs. 10 crores, with a minimum down payment of 20% and extended tenures. For residential customers, SBI offers loans of up to Rs. 10 lakhs for the installation of solar systems.

RELATED POSTS

GameChange Solar Boosts Manufacturing Capacity in Saudi Arabia

Waaree Renewable Secures LoA for 300 MW Solar EPC Project in Rajasthan

Finance is critical to the rapid uptake of rooftop solar systems, and to achieving the government’s goal of 100 GW of rooftop solar by 2030. Rooftop solar typically has a 3-4 year payback for commercial and industrial customers, and a 4-5 year payback for residential customers. Solar panels are warrantied for 25 years or more, so after payback customers basically benefit from free electricity. But longer-term, low-cost finance is the key to helping customers manage the up-front costs, so that they can move more quickly to capture these life-time savings from solar.

Damian Miller, Co-Founder and CEO of Orb Energy said, “Signing with the State Bank of India is a tremendous milestone for Orb Energy and its customers. We look forward to enabling more of our customers to benefit from SBI’s low-cost, innovative financing for rooftop, to supporting SBI’s hugely beneficial ‘Surya Shakti Solar Finance Scheme.”

Orb Energy has been a pioneer in India’s rooftop solar industry, regularly ranked in the top 5 rooftop providers by CRISIL (Bridge to India), with more than 300MW now installed, and growing very fast. The SBI partnership now promises to further fuel Orb Energy’s growth, as well as provide Orb’s customers with a bigger range of options in financing their rooftop solar acquisitions.

Tags: Orb EnergySBISurya Shakti Solar
ShareTweetShare
editor

editor

Related Posts

GameChange

GameChange Solar Boosts Manufacturing Capacity in Saudi Arabia

by Palak
June 5, 2025
0

GameChange Solar has expanded its regional manufacturing capacity in the Kingdom of Saudi Arabia to 6 GW annually. The expansion...

Waaree Renewable

Waaree Renewable Secures LoA for 300 MW Solar EPC Project in Rajasthan

by Palak
June 5, 2025
0

Waaree Renewable Technologies Limited has received a letter of award (LoA) from  Purvah Green Power for the engineering, procurement, and...

NTPC Green Energy

NTPC Green Energy Invites Bids for 600 MW Solar Module Supply in Gujarat

by Palak
June 5, 2025
0

NTPC Green Energy Limited has released a tender for bifacial crystalline solar modules supply for a 600 MW solar power...

Vikram Solar

Vikram Solar Receives SEBI Approval for IPO

by Palak
June 4, 2025
0

Vikram Solar Limited, one of India’s largest solar photo-voltaic (“PV”) modules manufacturers in terms of installed capacity, with more than...

Servotech

Servotech Bags 7.8 MW Solar Rooftop Project from Northeast Frontier Railway

by Palak
June 4, 2025
0

New Delhi : Servotech Renewable Power System Ltd. has been awarded a significant order for a 7.8 MW grid-connected solar...

Next Post
AboitizPower

AboitizPower and REPCO NEX Launch Smart Power Plant Initiative in the Philippines

GharGharSolar

Tata Power Promotes Rooftop Solar with Nationwide Campaign

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Recyclekaro Plant

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

June 7, 2025
Servotech

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

June 7, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

HyperloopTT’s Italian Project Begins Operations

World Environment Day 2025

AI and Machine Learning Driving Innovation in ADAS Market

Comau Showcases E-Drive and Stator Tech at CWIEME 2025

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved