Husk Power, a company that pioneered the minigrid industry 15 years ago, has become the first company to own and operate over 200 community solar minigrids in Asia and Africa, averaging a rollout of 16 minigrids per month.
The company’s achievement of corporate profitability in January 2023, along with their ability to deploy minigrids in record numbers, highlights the scaling of the minigrid industry.
Husk Power plans to double its portfolio to 400 minigrids by the end of 2023, while also expanding their operations in Sub-Saharan Africa.
The company’s speed of deployment is attributed to efficiencies achieved across multiple aspects of their business, including site scoring, land leasing and permitting, supply chain management, logistics and warehousing, construction, and digital automation.
Since 2019, Husk has raised $40 million, demonstrating efficient deployment of capital and business resiliency despite being hit by global market disruptions, including the COVID-19 pandemic.
Their achievement is a major contribution to achieving universal electrification in Asia and Africa, as noted in the Minigrid Industry Roadmap, which highlights the need for ten companies with ten times the current maximum rate of deployment to achieve Sustainable Development Goal 7 (SDG7) – access to modern, affordable, clean, reliable energy for all.