Solar player Orb Energy raises addl $20-M loan from DFC

The US International Development Finance Corporation (DFC) has doubled down its exposure to Bengaluru-based solar energy player Orb Energy with an additional investment of USD 20 million (about INR 163.73 crore) in the form of a a follow-on loan. Orb will use the funds to support its in-house financing facility for rooftop and ground-mounted solar customers. Started in 2006, Orb Energy is a vertically integrated provider of solar energy solutions. It manufactures a range of solar panels, designs, installs, and services solar systems, and also provides critical finance for up to five years to commercial and industrial customers.