Orb Energy recently announced that it has successfully installed and commissioned a 1 megawatt rooftop solar system for Adwaith Textiles Limited in Coimbatore, Tamilnadu. Adwaith Textiles Limited, the pioneer of Yarn Technology in India, will now start to generate over 15 lakh units per annum of its own clean electricity from Orb’s rooftop solar system, helping to reduce the cost of running its manufacturing unit.
Orb’s rooftop solar systems provide commercial and industrial customers a three- to four-year payback without any subsidy, an unheard-of return on investment on an unsubsidized solar power system. Because many SMEs in India can only afford rooftop solar with finance, Orb offers a collateral-free solar loan to SMEs that matches their payback period – after which all their power from solar is effectively free.
“Adwaith Textiles Limited is mainly into textile manufacturing, and remains a market leader today in manufacturing both conventional and value-added yarns. Our goal is to retain our leadership position by providing quality products at a competitive price. One of the ways to achieve this is to bring down our electricity costs and also support green energy, Ravi Sam, Managing Director, Adwaith Textiles Limited.