Rooftop Solar System - 850kW - Basava Textiles, Belgaum
Project Details:
Location:
Belagavi, Karnataka
Commissioned:
June 26, 2019
Modules:
325Wp x 2616 nos
Capacity:
850 kWp
Estimated Savings Per Year:
Rs.80 lakhs/-
Estimated Payback:
4 Years
About Basava Textiles
Basava Textiles, based in Belagavi, Karnataka is the largest cotton ginning and pressing industry in north Karnataka. Basava Textiles chose Orb Energy to install a rooftop solar system in June 2019 because of Orb’s unique collateral-free solar financing for SMEs.
Orb built and installed an 850 kW rooftop solar system for Basava Textiles’ cotton ginning facility, saving them approximately Rs. 80 lakhs ($~100k USD) every year with a payback period in just 4 years.
Furthermore, Orb’s unique in-house solar finance facility allowed Basava Textiles to make a quick switch to solar with zero collateral required. As, the savings from Orb Energy’s rooftop solar systems surpasses the EMI amount. Customers like Basava Textiles can effortlessly pay their EMI without impacting their working capital.
“60% of our project was funded by Orb under its collateral-free solar loan scheme. It is a unique scheme which builds confidence for SMEs to adopt rooftop solar on their premises.”
Vijay Metgud
Managing Director, Basava Textiles Limited
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