Panaji Orb Energy (“Orb”) on Friday 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.
Addressing a press conference in the city, Orb’s Chief Executive Officer (CEO) Damian Miller said, ”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.”
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.
Gomantak Ayurved Mahavidyalaya and Research Centre President P K Ghate said, “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 Rs 1.5 lakh per annum in electricity costs.”
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.