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2021-06-11T12:29:48Z

Disambiguating links to Solar power (disambiguation) (link changed to Solar power) using DisamAssist.

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{{Use dmy dates|date=December 2019}}
{{Use Indian English|date=December 2019}}
{{Infobox company
| name = Orb Energy
| logo = Logo_of_OrbEnergy.png
| type = [[Private Limited]]
| industry = [[Photovoltaics]], [[Solar power|Solar Power]]
| fate =
| predecessor = 
| successor = 
| founded = 2006
| founder = Damian Miller and NP Ramesh
| defunct = 
| hq_location_city = [[Bangalore]]
| hq_location_country = [[India]]
| area_served = [[India]], [[Kenya]]
| key_people = Damian Miller (CEO) <br>NP Ramesh (COO) <br>Gerald Kok (CFO)<br> Herre Hoekstra (Chairman)
| products =
| owner = 
| num_employees = 250 (2019)<ref>{{Cite news|url=http://www.indiantelevision.com/television/tv-channels/news-broadcasting/cnns-new-weekday-programme-to-start-with-micromax-ceo-161117|title=CNN's new weekday programme to start with Micromax CEO|date=2016-11-17|work=Indian Television Dot Com|access-date=2018-02-01}}</ref>
| num_employees_year = 
| parent =
| website = {{URL|www.orbenergy.com}}
}}

'''Orb Energy''' is a [[solar energy]] company headquartered in [[Bangalore]], [[India]], founded by Damian Miller and NP Ramesh in 2006.<ref name=":3">{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/Orb-Energy-crosses-100-branch-mark-in-Karnataka/articleshow/46835558.cms|title=Orb Energy crosses 100-branch mark in Karnataka - Times of India|work=The Times of India|access-date=2018-02-01}}</ref>

==History==
Orb Energy was founded in 2006 by Damian Miller and NP Ramesh in [[Bangalore]], [[India]]. The company opened its first branch in [[Kumta]], India.<ref>{{cite web |title=:: WELCOME TO InSolTherm Times :: |url=https://mnre.gov.in/file-manager/solar-thermal-newsletter/volume-1-issue-3/EN/policy/policy03.html |website=mnre.gov.in}}</ref><ref>{{cite web |title=List of Manufacturers empanelled under CapitalSubsidy scheme only forSolar lighting system implemented through NABARD |url=https://mnre.gov.in/file-manager/UserFiles/list_manufacturers_SPV_NABARD.pdf |website=mnre.gov.in}}</ref> The company reached 100 branches in [[Karnataka]] by 2015.<ref name=":3"/>

The company offers collateral free solar loans to small and medium sized firms to help adopt rooftop solar systems.<ref name='hbl'>{{cite web |title=Shell takes 20 per cent stake in Indian solar firm Orb Energy |url=https://www.thehindubusinessline.com/companies/shell-takes-20-per-cent-stake-in-indian-solar-firm-orb-energy/article29582942.ece |website=@businessline |language=en}}</ref>

Till October, 2019 the company has installed over 160,000 solar systems in [[India]] with 75 megawatts as total capacity.<ref name='hbl'/>

==Funding==
In 2017, the company raised $15 million (INR 95 crores) from The Netherlands Development Finance Company (FMO), The US Government’s Overseas Private Investment Corporation (OPIC), and The German Investment Corporation (DEG).

In 2019, [[Royal Dutch Shell|Shell]] acquired 20% stake in Orb Energy.<ref>{{cite news|date=2019-10-02|title=Shell Takes 20% Stake in Indian Solar Firm Orb Energy|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2019-10-02/shell-takes-20-stake-in-indian-solar-firm-orb-energy|access-date=2020-11-14}}</ref><ref>{{cite web |title=Shell acquires 20% stake in Bengaluru-based solar firm Orb Energy - ET EnergyWorld |url=https://energy.economictimes.indiatimes.com/news/renewable/shell-acquires-20-stake-in-bengaluru-based-solar-firm-orb-energy/71423382 |website=ETEnergyworld.com |language=en}}</ref>

The company also received funds from Bamboo Capital Partners (Luxembourg), Rianta Capital (Switzerland) and Pamiga SA (Luxembourg).<ref>{{cite web |title=Indian solar company Orb Energy secures investment from Shell in latest funding round |url=https://www.renewableenergyworld.com/2019/10/03/indian-solar-company-orb-energy-secures-investment-from-shell-in-latest-funding-round/ |website=Renewable Energy World |date=3 October 2019}}</ref>

==International operations==
Orb Energy started its operations in Africa in 2014.<ref>{{cite web |last1=Kairu |first1=Pauline |title=Kenya: Funds Flowing in for Solar Projects |url=https://allafrica.com/stories/201802150076.html |website=allAfrica.com |language=en |date=15 February 2018}}</ref> The company launched its own subsidiary in [[Kenya]] to replicate its Indian Business model in Africa. The company works with local banks to make solar loans available to residential and commercial customers.<ref>{{cite web |title=Orb Energy Secures Funding to Replicate Indian Business Model in Kenya |url=https://www.lightingafrica.org/orb-energy-secures-funding-to-replicate-indian-business-model-in-kenya/ |website=Lighting Africa |date=6 February 2015}}</ref><ref>{{Cite web|url=https://businesstoday.co.ke/orb-energy-secures-funds-expand-kenya-operations/|title=Orb Energy secures funds to expand Kenya operations - Business Today News|website=businesstoday.co.ke|language=en-US|access-date=2018-02-01}}</ref>

==Awards and recognition==
*The company was runner-up in the [[Zayed Future Energy Prize]] in 2012.<ref>{{Cite news|url=https://www.triplepundit.com/2012/08/off-grid-renewable-energy/|title=Power to the People: The Impact of Off-Grid Renewable Energy|date=2012-08-14|work=Triple Pundit: People, Planet, Profit|access-date=2018-02-01|language=en-US}}</ref><ref name=":1">{{Cite news|url=https://www.thenational.ae/business/technology/zayed-future-energy-prize-delivers-a-big-energy-boost-1.288846|title=Zayed Future Energy Prize delivers a big energy boost|work=The National|access-date=2018-02-01|language=en}}</ref>
*In 2014, Orb Energy received Gold Standard (GS) rating from [[LRQA]].<ref>{{Cite web|url=http://www.lrqa.in/news/2014/LRQA-verifies-Orb-Energys-Solar-Project-against-Gold-Standard.aspx|title=LRQA verifies Orb Energy’s Solar Project against Gold Standard {{!}} LRQA India & Sri Lanka|website=www.lrqa.in|language=en-IN|access-date=2018-02-01}}</ref>
*Orb Energy moves to 4th place in India in 2020 in terms of megawatts of rooftop solar installed<ref>{{cite web |title=India Solar Rooftop Map 2020 |url=https://bridgetoindia.com/backend/wp-content/uploads/2021/04/BRIDGE-TO-INDIA-India-solar-rooftop-map-December-2020.pdf |website=bridgetoindia.com}}</ref>
*Orb Energy wins Mercom India's 2021 award for "Best C&I Project" under the rooftop solar category<ref>{{cite web |title=C&I Project (Rooftop) of the Year: Orb Energy's Rooftop Solar Project in Karnataka |url=https://mercomindia.com/ci-project-orb-energy-karnataka/ |website=Mercom India |date=16 April 2021}}</ref>

== References ==
{{reflist|45em}}

== External links==
* {{Official website|https://www.orbenergy.com/}}

[[Category:Companies based in Bangalore]]
[[Category:Indian companies established in 2006]]
[[Category:Solar energy companies]]
[[Category:Renewable energy companies of India]]
[[Category:Indian brands]]
[[Category:Renewable resource companies established in 2006]]
[[Category:2006 establishments in Karnataka]]

Orb Energy - Revision history

imported>Rodw: Disambiguating links to Solar power (disambiguation) (link changed to Solar power) using DisamAssist.