A very well-known player in our Indian solar industry, Orb Energy has launched its first 35 MW (DC) solar park in Ariskere, Hassan District. The solar park is extended up to 110 acres producing 5.24 crore units in a year. This initiative is contributing to reducing carbon emissions by approximately 45,000 tons. This enterprise is majorly set up for small and medium-sized enterprises (SMEs) in the region.
Orb Energy stated that they’ll be constructing solar parks all over India of approximately 400 MW by the end of ten years for SMEs. Project investment is almost 2000 crores.
In the middle of this financial year, the setup of the solar park will be completed. As 27MW has already planted over 90 acres of land. This innovation allows all the SMEs to purchase their plot in the park and own their solar sub-arrays within the park. This strategy is a big hit for the company.
SMEs are further getting facilities by offering them collateral – free in-house loans for 5 years to help them in owning their part of the solar park in an effective and cost-efficient way. Businesses acquiring their Orb Energy spaces will experience their electricity bills at half prices with rates of Rs 3.5 to 4 per unit as compared to current rates of Rs 8 to 9. This will benefit both the discoms and the enterprises.
Orb Energy has already started planning their second solar park to help all the SMEs possible.
Sources :
https://m.economictimes.com/industry/renewables/orb-energy-launches-its-first-35-mw-ground-mounted-solar-park-in-karnataka/amp_articleshow/110306063.cms
https://www.saurenergy.com/solar-energy-news/orb-energy-launches-35-mw-solar-park-in-karnataka
Our Perspective
This initiative of Solar Park which is established in Karnataka will make a huge positive impact on many small – to medium-sized businesses. They can easily own their plot and solar sub-arrays. Orb Energy is making clean energy affordable and accessible. Businesses will experience a huge difference in their electricity bills. On the other hand, it will reduce carbon emissions to a great extent and will boost green energy. It will contribute to the Indian Solar Industry and will make a rise in the economy of our country. Further, it motivates other industries to work on more such solar projects and make the nation a leader in the clean and renewable energy industry.
