Husk's Solar Capacity Hits 20 MW, 100 MW Pipeline Set For 2025

Husk’s Solar Capacity Hits 20 MW, 100 MW Pipeline Set For 2025

By Chitrika Grover/ Updated On Tue, Jan 7th, 2025

Highlights :

This represents 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 its entire portfolio.

Husk's Solar Capacity Hits 20 MW, 100 MW Pipeline Set For 2025

MiniGrid operator Husk recently electrified 200 new communities in 12 months, doubling its fleet of solar mini-grids. Husk 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. Its community electrification projects are spread across rural India and Nigeria. This represents 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 its entire portfolio.

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 pave the way for this, the company has developed a 100 MW pipeline across multiple countries. Husk is also planning a pre-IPO equity and debt financing round for the second half of 2025 to fuel its growth through the end of the decade.

“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.”

In 2023, to meet the operational needs of a high-growth company, Husk doubled its staff to more than 1,000 and launched a groundbreaking new containerized system called PRISM to further accelerate its rate of deployment, which currently stands at one minigrid per day. Husk also entered the market for interconnected minigrids in 2023 and expects that initiative to result in hundreds of MW in capacity across Africa and Asia.