Husk Power Systems sells nearly $25M in equity

FORT COLLINS  — Husk Power Systems, a 15-year-old Fort Collins-based producer of solar and biomass-powered microgrids for rural areas in Asia and Africa, has sold nearly $25 million in equity out of a $43 million offering.

The company reported the equity sale to the U.S. Securities and Exchange Commission Nov. 2 as part of its ongoing fundraising drive. Coupled with $60 million debt financing, the effort totals $103 million, which Husk Power described two weeks ago as the largest-ever raise of its kind in the mini-grid industry.

Husk recently announced plans to launch 500 solar mini-grids in Nigeria over the next five…