Solar player Orb Energy secures additional USD 20 mn loan from DFC
The United States International Development Finance Corporation (DFC) has doubled down its exposure to domestic solar energy player Orb Energy with an additional investment of USD 20 million (about Rs 163.73 crore) in a follow-on loan.
Bengaluru-based Orb will use the money to support its in-house financing facility for rooftop and ground-mounted solar customers, the company said in a statement on Thursday.
Orb Energy is a vertically integrated provider of solar energy solutions since 2006. It manufactures its own range of solar panels, designs, installs, and services solar systems, and also provides critical finance for up to five years to its commercial and industrial customers.
