Husk Power Systems, a provider of decentralized solar-hybrid minigrids, has secured an additional $4 million in debt financing from ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company. This follows ElectriFI’s initial $6 million investment in September 2022. ElectriFI’s continued support reflects Husk’s strong performance in meeting its impact targets and executing its operational goals. Husk’s success, partly enabled by ElectriFI’s initial investment, also attracted additional investments totaling $43 million in a Series D capital raise. Husk delivers clean electricity to remote communities and businesses in rural India. ElectriFI is confident this additional investment will empower Husk to expand its reach.
Husk Power Systems secures $4 million debt from ElectriFI
ElectriFI is backing Husk Power Systems’ expansion, investing $4 million, after an initial $6 million investment. (Image Credit: Husk Power Systems)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)