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Banking activities: Husk Power obtains $20 million in financing from BEI

02/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Husk Power announced on 28 March that it had obtained $20 million in debt financing from the European Investment Bank (EIB). This funding will allow it to expand its activities in Nigeria.

Husk Power is a clean energy company that serves rural and peri-urban areas in sub-Saharan Africa. He said that the loan obtained near the EIB is the largest debt financing for mini-grids in sub-Saharan Africa. This investment will fund the construction of community solar mini-grids, the installation of rooftop solar panels for commercial and industrial customers, and the expansion of device sales to households and small businesses, among others

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