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Indian solar firm bags U.S. award for clean
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Monday, April 07, 2008 |
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Bangalore: Solar power systems provider
Orb Energy has bagged $1 million award from the US State Department for
developing and deploying clean energy technologies, the company said
here late on Monday. |
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The city-based Orb manufactures a wide
range of solar energy solutions for the Indian market, with a view to
making solar energy affordable, accessible and hassle-free to
residential and commercial customers as an alternative energy. |
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The US State Department has instituted
the prestigious award in support of the Asia-Pacific Partnership (APP)
on clean development and climate. Besides India, Canada, China, Japan
and South Korea are partners in the joint initiative to accelerate the
development and deployment of clean energy technologies. |
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"We are honoured to have been selected
for the award by the US. The award will enhance our ability to serve the
growing number of customers in India who are turning to solar as a
reliable, cost-effective source of energy," Orb CEO Damian Miller said
in a statement here. |
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Orb will also use the award money to
execute in-country assembly of Swiss-designed inverters and enter the
country's newly emerging grid connected market for solar. The award will
also help the company expand franchise for operating its branch network. |
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With 30 branches across Karnataka, Orb
is planning to set up 60-70 branches across the country in the next 12
months. |
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Orb's photovoltaic systems are used for back-up power
and solar thermal systems for hot water and a range of solar lighting
solutions. |
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Solar energy offers
huge potential for climate protection. The production of solar
photovoltaic cells has dramatically increased by 48 percent each year
since 2002 to become one of the fastest growing technologies. |
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To foster the solar
energy market in India, the ministry of new and renewable energy
recently announced higher feed-in tariffs for large-scale solar power
plants. |
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"The APP is committed
to helping innovative firms bring clean energy solutions to market. Orb
is one such company the APP was designed to support - innovative,
expansive, and focused in its mission," state department programme
manager Griffin Thompson said. |
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http://www.siliconindia.com |
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