Dutch development bank FMO has proposed an additional equity investment of €1 million ($1.11 million) in Orb Energy Pte Limited, a solar photovoltaic and solar thermal solutions provider. FMO intends to purchase the equity stake from an early-stage impact investor in Orb Energy. In October 2019, Shell acquired a stake of almost 20 per cent in Orb Energy. Some other investors in Orb Energy are impact investor Acumen Fund, German development finance institution DEG, Zouk Capital, Renewable Capital and Bamboo Capital Partners.
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