Crown Joules

India’s Husk seeks up to $90m for Nigeria, Africa solar mini-grid expansion

By David Whitehouse

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Posted on February 3, 2023 05:00

© A Husk micro-grid plant in Nasarawa, central Nigeria. Photo supplied. — A Husk micro-grid plant in Nasarawa, central Nigeria. Photo supplied.

Indian solar mini-grid provider Husk is seeking to raise up to $90m in debt and equity to finance expansion in Nigeria and new African markets, CEO Manoj Sinha tells The Africa Report.

Husk designs, builds and operates hybrid power plants and distribution networks in India, Nigeria and Tanzania, and has 150 solar mini-grids in operation. The goal is to lift that tenfold to 1,500 over the next four to five years.

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