Quarterly update
Q3 2025 - News & insights
Q3 Report - 2025
Husk is doing ground-breaking work to scale agricultural processing in the Global South with solar power, and in the process increasing farmer incomes while decreasing polluting, expensive diesel generation. Meanwhile, in Q3 2025, at the second Africa Climate Summit, Husk and United Capital Infrastructure Fund (UCIF) announced the largest-ever local currency debt deal in the minigrid industry. Husk also joined 17 African heads of state and government in New York to mark the launch of new national energy compacts under the Mission 300 initiative, and articulated a much more ambitious target for the company in Africa. Read on to learn more. And if this update has been forwarded to you, please subscribe now.
Market focus
Many of our customers are heavily dependent on agriculture for their livelihoods. Husk has installed thousands of solar irrigation pumps, but that is just a start. Since 2021, Husk has invested in new solar-powered agriculture business models to increase farmer incomes and increase demand on our solar minigrids during peak hours. Husk has agri-processing operations in both India and Nigeria, solving for post-harvest loss, value addition and market access. Today in India, Husk has over 15 operational plants producing 50 tonnes of wheat per month, with minigrid utilization up 18–22% and farmer incomes rising by 20–25%. In Nigeria, our rice milling facility supports over 50 women farmers with monthly output peaking at 15 tonnes, with planned expansion into multi-crop processing. Future verticals include oil extraction and food packaging hubs, transforming minigrids into multi-product rural industrial clusters.
Financial outlook
In Q3 2025, Husk secured its first local currency debt in Africa, closing a deal with United Capital Infrastructure Fund (UCIF). The deal represented the largest-ever local currency debt deal in Africa’s community solar minigrid industry. It was also the first local debt deal to introduce an innovative revolving mechanism, which will allow Husk to draw down on the capital two to three times during the 10-year loan period, for a total of ₦10–15 billion Naira, roughly $7–10 million USD. With hard currency debt a significant risk amid recent Naira volatility, the absence of local currency lending has been a major bottleneck to accelerated growth. The facility will catalyze delivery of electricity to the 90 million Nigerians still living without power.
Industry leadership
Husk CEO Manoj Sinha represented the private sector at a high-level Mission 300 event during the Bloomberg Philanthropies Global Forum. The event brought together heads of state and government from 17 Sub-Saharan African countries, who committed to the goal of electrifying 300 million people by 2030. Sinha announced that Husk was increasing its ambitions in Sub-Saharan Africa, with a target of deploying at least 1GW of distributed energy resources on the continent by 2030.
In the news
Below are highlights of recent Husk media coverage:
- CEO Manoj Sinha addressed a Mission 300 event during NY Climate Week
- Channels TV covered the Husk–UCIF local currency debt deal
- Financial Express highlighted growth plans for BEEM
- Husk’s CMO discussed activities in Africa during Unstoppable Africa 2025