- Husk Power Systems has attracted USD 4 million in loan financing from ElectriFI.
- Husk Power Systems builds renewable energy mini-grids in Asia and Sub-Saharan Africa.
Husk Power Systems, a solar-hybrid mini-grids firm, has attracted USD 4 million in loan financing from ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company.
Husk Power Systems is a rural distributed utility firm that builds renewable energy mini-grids in Asia and Sub-Saharan Africa. The company started in India in 2008.
The transaction followed an initial USD-6-million investment from ElectriFI in September 2022. The mini-gird firm’s CEO and co-founder, Manoj Sinha, said in a statement, “In total, the USD-10 million from EDFI MC is an important enabler for HuskPower Systems to scale its mini-grid footprint in India and achieve an even greater impact on tens of thousands of lives and livelihoods.”