Simpa Networks announces commercial debt financing to scale up its clean electricity solutions in rural India

FOR IMMEDIATE RELEASE

BANGALORE – 17 December 2014 – Simpa, which sells solar-as-a-service to energy-poor households and micro-enterprises in rural India, today announced that it has completed a $4 million debt financing round. The financing has been provided by Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and by GDF Suez through their Rassembleurs d’Energies program.

An estimated 400 million people in rural India still do not have access to an electricity … read more