Orb Energy completes the first grid connected rooftop solar system in Goa for Gomantak Ayurved Mahavidyalaya institute
The 30 kilowatt rooftop solar system is expected to save around INR 1.5 lakhs per annum with payback in 4 years 8 months
BANGALORE, INDIA: Orb Energy (“Orb”) today announced that it has successfully installed and commissioned a 30 kilowatt rooftop solar system at Gomantak Ayurved Mahavidyalaya and Research Centre, established in 1993 with the objective of providing quality education in Ayurveda. Orb’s rooftop solar system will generate over 50 thousand units per annum of clean electricity, helping the institute significantly reduce their electricity costs.
“We are extremely pleased that Gomantak Ayurved Mahavidyalaya and Research Centre has selected Orb to design, supply, and install their 30 kilowatt rooftop solar system. We are also proud to announce that this is the first rooftop solar system synchronized since the Goa government’s net metering policy came in to effect.” said Damian Miller, Orb’s Chief Executive Officer.
Orb’s rooftop solar systems provide commercial, industrial and institutional customers a three- to four-year payback without any subsidy – an unheard-of return on investment on an unsubsidized solar power system. Because many businesses and institutions in India can only afford rooftop solar with finance, Orb offers a collateral-free solar loan that matches the payback period – after which all their power from solar is effectively free.
“This institute was started with a foresight that investment in education and health can transform India into a developed nation. The Gomantak Ayurveda Mahavidyalaya and Research Centre is committed to providing its students an unparalleled educational experience in Ayurveda through excellent teaching and clinical experience. To achieve the institute’s objectives and reach more students, it is important for us to reduce our operational overheads and one of the ways to achieve this is to bring down our electricity costs and also support green energy. Thanks to Orb, we currently expect to produce an average of approximately 50,400 units of clean solar electricity per year, and expect to save around INR 1.5 lakhs per annum in electricity costs.” said Mr. P K Ghate, President, Gomantak Ayurved Mahavidyalaya & Research Centre.
Orb is a vertically integrated provider of rooftop solar solutions, that manufactures its own range of solar panels in Bangalore, India and provides a unique in-house finance for commercial, industrial and institutional customers to own their own rooftop solar system.
About Orb Energy
Orb Energy was founded in 2006, and since inception has sold more than 160,000 solar systems in India, with cumulative installations of more than 50MW of rooftop solar systems. Orb is head-quartered in Bangalore, where it has two factories: one producing solar photovoltaic panels and one producing solar water heating systems. Orb employs approximately 300 people in India. To learn more about Orb Energy’s product offerings call 1-800-121-2282 within India, and +91 99005 20505 from abroad, and visit us at www.orbenergy.com.