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Husk Power to raise $400m for expansion in India, Africa

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Husk Power Systems plans to raise $400 million in debt and equity in 2025 to expand its mini-grid operations across India and Africa. This capital raise, a mix of equity and debt, precedes a planned initial public offering (IPO) in 2027. The company more than doubled its staff and revenue in 2024, while increasing its mini-grid operations from 200 to 400, according to Bloomberg. CEO Manoj Sinha stated the funds will support their 150% year-over-year…

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Husk Power Systems and AEDC partner to bring solar-powered minigrid to Nasarawa, Nigeria

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Husk Power Systems, Abuja Electricity Distribution Plc (AEDC), and the Duduguru community in Nasarawa State, Nigeria, have signed a partnership agreement to deliver sustainable, affordable, and reliable energy through interconnected minigrids (IMGs). The solar-powered minigrid in Duduguru, located in Obi Local Government Area, will provide 656 kW of daily energy supply to approximately 1,000 customers, 80% of whom are households and 20% micro, small, and medium-sized enterprises (MSMEs). Husk, which operates more than 40 isolated…