Husk Power last week announced that it became the first company to own and operate more than 200 community solar minigrids in Asia and Africa, averaging a rollout of 16 minigrids per month.
The two achievements follow closely on Husk’s announcement in January 2023 of being the first minigrid company to achieve corporate profitability. The trifecta of industry milestones – a profitable business model, a large portfolio of assets, and the ability to deploy minigrids in previously unseen numbers – are proof that the minigrid industry is scaling.
On February 24 , at an event in India’s Uttar Pradesh state attended by government leaders, business partners and Husk executives, 16 new minigrids – all of which were built within a one month period – were inaugurated, taking Husk’s portfolio over the 200 mark.
Husk expects to double its portfolio to 400 minigrids by the end of 2023. At the same time, Husk’s excellence and know-how in project deployment is being transferred to its operations in sub-Saharan Africa, including Nigeria, where the company already has 12 sites in operation, with plans for up to 100 by 2023 and 500 by 2026.
Manoj Sinha, Husk’s Co-Founder and CEO, stated that, “These latest milestones confirm our confidence – for Husk and for the industry as a whole – in scaling community solar minigrids and making a major contribution to achieving universal electrification in Asia and Africa. It took Husk four years to grow 10X and reach 200 minigrids, and we are now able to double our portfolio to 400 in just one year and begin our next 10X journey.”
Source : Energy Capital & Power
