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

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

IGL and RVUNL Forge Joint Venture for Rajasthan Solar Farms

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

Shweta Solar

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

by Palak
September 5, 2025
0

New Delhi : Shweta Solar Pvt. Ltd. (Shweta Solar) is all set to launch a new 1.2 GW solar module manufacturing...

IGL and RVUNL

IGL and RVUNL Forge Joint Venture for Rajasthan Solar Farms

by Palak
September 3, 2025
0

Indraprastha Gas Limited (IGL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have inked a joint venture (JV) agreement to...

Premier Energies

Premier Energies Bags ₹27.03 Billion Orders for Solar Modules and Cells

by Palak
September 2, 2025
0

Premier Energies Limited has secured orders worth Rs 27.03 billion for the supply of solar photovoltaic modules and cells with...

GH2 Solar

GH2 Solar, AHES to Establish Electrolyser Manufacturing Facility in Madhya Pradesh

by Palak
September 2, 2025
0

GH2 Solar Limited, in a joint venture with Advanced Hydrogen Energy Solutions (AHES) Limited, will set up an electrolyser manufacturing...

Thailand Floating Solar

Thailand Issues Tender for 364 MW Floating Solar Project

by Palak
September 2, 2025
0

The Electricity Generating Authority of Thailand (EGAT) has invited bids for the Srinagarind Dam floating solar project 3 in Thailand....

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

Shweta Solar

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

September 5, 2025
Powering India's Future

Transmission Lines: Myths, Facts, and Why They Matter for Powering India’s Future

September 5, 2025

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

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

Transmission Lines: Myths, Facts, and Why They Matter for Powering India’s Future

UAE Energy Undersecretary Visits Tellus Power Globe Holding’s Hong Kong Office

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

What’s Holding Back the EV Battery Revolution?

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

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