The company is projected to save more than INR 1.4 crores per annum from their rooftop solar system, with payback in just 2 years and 3 months.
Mumbai, 23rd October 2024: Orb Energy (“Orb”) has successfully installed an 800-kilowatt rooftop solar system at Esteem Industries Private Limited in Alonde, Wada, Maharashtra. This installation is set to generate over 10 lakh units of electricity annually by harnessing solar energy to meet the factory’s electricity demands. In addition to its economic benefits, the project is projected to reduce approximately 1,000 tonnes of carbon emissions (CO2e) each year, reinforcing its role as a key initiative for both cost savings and environmental sustainability.
Esteem Industries is India’s leading manufacturer of surfactants and specialty chemicals with over 30 years of experience. Given the high energy consumption typical of the chemical manufacturing sector, this solar solution offers significant cost-saving potential. The project is expected to generate approximately 3,100 kilowatt-hours of solar energy daily, covering around 80% of Esteem Industries’ daytime electricity requirements. The company is projected to recover its investment in solar energy within 2 years and 3 months, highlighting both economic and environmental advantages.
Saurabh Seth, Orb Energy’s General Manager – PV Projects, commented, “As part of our ongoing commitment to empowering SMEs and MSMEs with solar power solutions, this partnership further underscores our dedication to sustainability. Our solar installations not only bring substantial economic savings but also assist companies in meeting their social, environmental, and governance (ESG) goals.”
Orb Energy’s vertically integrated approach spans from manufacturing to installation, offering businesses a seamless transition to solar power. Additionally, Orb provides collateral-free loans to facilitate solar adoption. With over 310 megawatts of solar systems installed across India, Orb further aims to reinforce its position as a major player in India’s renewable energy sector.
