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Husk Power Systems has received a $20-million equity investment from Shell Technology Ventures LLC, Swedfund International and ENGIE Rassembleurs d’Energies. The transaction is subject to regulatory approvals, according to a company statement.
Husk aims to add 15 MW of renewable energy through 300 mini-grids in India and Tanzania, which will serve over 100,000 customers, the statement added.
The company designs, builds, owns and operates hybrid power plants and distribution networks in India and Tanzania. It has developed a proprietary system by combining and synchronising solar PV, biomass gasification system and batteries.
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