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BORG Energy India, a subsidiary of Texas-based BORG Inc, engaged in micro solar power units, has launched its Karnataka operations.
With this launch, BORG plans to launch its micro solar power units in 40,000 homes across the country. The company has a presence in Tamil Nadu and Andhra Pradesh. “According to a KPMG study, India has 4 million homes who can buy our units and we plan to target 60 per cent of this market,” said Boaz Augustin Jr, Managing Director, Asia Pacific, BORG Energy India. The device is priced from Rs 50,000 and will be sold through distributors and BORG’s showrooms.
The company has tied up with Shriram City Union Finance Ltd and Bajaj Finance Ltd to offer loans for installation of solar units, according to a statement.
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