Orb Energy raises $15 million funding

Orb Energy has raised funds worth over $15 million to expand its rooftop solar business in India and Kenya. Of the total funds, the Netherlands Development Finance Company has provided $4 million as equity and the Overseas Private Investment Corporation has provided $10 million as a long-term debt, which will be used for the company’s India-based ventures. The remaining $1 million has been raised for its Kenya-based operations. Pamiga, an Africa-based finance company, has provided $500,000 in equity, while DEG, Germany’s development finance institution, has provided $550,000.

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