MICROCAPITAL BRIEF: IREDA Loans $4m to Husk Power Systems for 140 Solar Microgrids in Rural India

The India Renewable Energy Development Agency (IREDA), a government entity, recently loaned INR 310 million (USD 4.2 million) to Husk Power Systems, an India-based supplier of small-scale electricity generation and distribution networks in rural India and Africa, to construct 140 solar microgrids in the Indian states of Bihar and Uttar Pradesh. IREDA is