Freyr Energy
- Country
- India
- Technology
- Solar PV
- Business model
- CPP
EDFI ElectriFI invested USD 3 million to Freyr Energy, to unlock international/European capital and local debt to create local jobs in the renewable energy sector
Contract signature date: September 2023
Total ElectriFI financing: USD 3 m
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
Freyr Energy is an Indian Engineering Procurement and Construction (“EPC”) company, whose mission consists in facilitating the transition towards solar for individuals and MSMEs. The purpose of this investment is to unlock international/European capital and local debt to create local jobs in the renewable energy sector. The project consists in a USD 3m equity co-investment into Freyr Energy Services Singapore Pte. Ltd to finance operations in India.
Learn more on: https://freyrenergy.com/
- Number of beneficiaries
- 84 589
- Annual output (MWh/y)
- 327 600
- GHG avoidance (tCO2eq/y)
- 315 217
Impact
- Beneficiary
- Freyr Energy
- Financial instrument
- Equity
- Amount
- USD 3 million
- Country
- India
- Technology
- Solar PV
- Business model
- CPP
- Year
- 2023
- Facility
- ElectriFI Global