Oorjan Cleantech Hits a Milestone of Enabling 150 MW of Solar

Oorjan Cleantech Hits Milestone of Enabling 150 MW of Solar, $100 Mn Deployment

By Saur News Bureau/ Updated On Mon, Nov 7th, 2022

Highlights :

To meet the ambitious solar target in a structured way a lot has to be done especially in providing easy access to financing to the end users.
The company is trying to bridge this gap and thus enabled renewable energy projects equivalent to the amount across 18 states in a short period.

Oorjan Cleantech Hits Milestone of Enabling 150 MW of Solar, $100 Mn Deployment

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The Mumbai-based green energy startup Oorjan Cleantech has achieved a significant milestone by deploying $100 million (USD) in green capital and enabling the installation of 150 megawatts of solar power in just four years.

India has been working to adopt renewable energy quickly as part of its strategy to combat climate change (RE). India aims to construct roughly 280 Gigawatts (GW) of solar power by 2030, according to what is billed as the greatest renewable energy expansion plan in the world.

India’s installed solar power capacity, with only 8 GW of rooftop solar, was only 57 GW as of July 2022. There is much work to be done, particularly in giving end users simple access to financing, to achieve the ambitious solar target systematically. This gap is being attempted to close by Oorjan Cleantech. Oorjan has so far facilitated renewable energy projects worth USD 100 million equivalent across 18 states in a brief period.

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According to Gautam Das, CEO of Oorjan Cleantech, “Important keys to accelerate solar adoption are to provide easy financing and hassle-free adoption experience to the consumers. Its technology-enabled platform connects consumers, lenders, and installers, facilitating the adoption of renewable energy with minimal friction.”

Gautam continues, “Our technology platform allows us to connect with clients across countries and work with ecosystem partners to simplify the adoption experience. By fostering demand for and enhancing access to green energy, as well as by addressing these issues through technology and financing, the enormous solar potential in our nation might be fully realised.”