Husk Power Systems
- Country
- India
- Technology
- Hybrid Solar-Biomass
- Business model
- Minigrid
ElectriFI invests USD 6M in hybrid mini-grids provider Husk Power Systems to generate reliable electricity for Indian households, MSMEs, and factories in rural areas without grid connection.
Contract signature date: August 2022
Total ElectriFI financing: USD 6M (equivalent EUR 5.9 million)
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
ElectriFI committed USD 6M to enable electricity generation for households, MSMEs and factories in rural areas without grid connection or where the grid is not providing reliable electricity in India. This investment will allow the company to expand its hybrid mini-grid base to up to 350 plants over India by end of 2022.
Husk Power Systems is a company established in India providing electricity to rural households and businesses using decentralized hybrid mini-grids (solar PV and biomass) to generate electricity 24/7. Established in 2011, it has become a leader in the mini-grid sector in India with 125+ operating mini-grid sites, totalling 3.8 MW installed capacity and connecting around 6,027 customers in Uttar Pradesh and Bihar states.
Learn more on: www.huskpowersystems.com/
- Number of beneficiaries
- 88 750
- Annual output (MWh/y)
- 15 000
- GHG avoidance (tCO2eq/y)
- 16 500
Impact
- Beneficiary
- Husk Power System
- Financial instrument
- Senior debt
- Amount
- USD 6M
- Countries
- India
- Technology
- Solar PV and biomass
- Business model
- Hybrid mini-grids
- Year
- 2022
- Facility
- ElectriFI Global