Husk Power Systems has announced 100% growth in its portfolio of community solar minigrids over the past 12 months. The company is now present in over 400 communities in rural Sub-Saharan Africa and South Asia, serving more than 1.5 million people and over 30,000 small businesses.
Husk’s community electrification projects across rural India and Nigeria represent 20 MW of solar power generation and 2,500 kilometers of transmission and distribution (T&D), while avoiding 15,000 tonnes of CO2 annually by displacing an estimated 3,000 diesel generators across the entire portfolio.
“Husk is the first and only company to add hundreds of new minigrids in a calendar year,” said CEO and co-founder Manoj Sinha. “This proves that, with the right policies, affordable and long-term capital and innovation, the industry is capable of scaling to the thousands per year that are needed to wipe out energy poverty in Africa and Asia. We look forward to deepening our public-private partnership with governments and funders to work even faster to make ‘prosperity for all’ a reality.”
Husk expects further rapid growth in 2025, targeting a revenue increase of more than 100% and an increase in its customer base by 2.5 times. To lay a path for this, the company has developed a 100 MW pipeline across multiple countries. Husk is also planning a pre-IPO equity and debt financing for the second half of 2025 to fuel its growth through the end of the decade.
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