Q4 2025 - News & insights

Market focus

Backed by an AI-powered digital infrastructure, Husk announced a significant evolution of its growth strategy in Q4 2025, with a target of deploying 2GW of assets and serving 30 million customers in the Global South by 2030. Already recognized as the market leader in community solar minigrids, Husk has been deploying a range of distributed energy resource (DER) assets over the past decade. Our newly announced DER platform, centered around our mission of “Powering Prosperity”, addresses three distinct customer segments – communities (isolated and inter-connected minigrids), businesses and institutions (C&I solar) and residential (rooftop solar). In achieving its targets, Husk will displace tens of thousands of diesel generators, and create more than 30,000 direct jobs. CEO Manoj Sinha said that the new positioning is fully reflected in the businesses operating and scaling in India and Nigeria today. Underpinning the platform are predictive and agentic AI, Husk’s “central nervous system”. Husk’s algorithms predict energy demand at each minigrid site and optimize operations of the power generating assets to meet that demand at the lowest possible cost at every 30 minute interval.

Financial outlook

Husk formally kicked off its $400 million Series E capital raise at the annual Africa Investment Forum (AIF) in Rabat in Q4 2025, at the invitation of the African Development Bank (AfDB). Husk was the only distributed energy company invited to present to investors, with CEO Manoj Sinha outlining the company’s vision for scaling its DER platform, including topline revenue projections and use of funds post Series E, with the goal of an IPO in 2029. Investors at AIF signed expressions of interest worth up to $235 million, from both debt and equity providers. Husk was also invited to speak at an exclusive roundtable hosted by Africa50 and the Nigeria Sovereign Investment Fund on scaling distributed energy.

Industry leadership

In 2022, Husk CEO Manoj Sinha was awarded a Lifetime Achievement Award by AFSIA. Three years later in Q4 2025, the company was awarded the Minigrid Project of the Year by AFSIA in recognition of its industry-leading work in Nigeria, home to Sub-Saharan Africa’s largest off-grid population of 80–90 million people. AFSIA cited Husk’s commissioning of 53 minigrids in calendar year 2024, at an average of 4.4 per month, with plans to build hundreds of MWs more. Husk was also recognized by the Financial Times and the World Bank for its highly commended innovation in the minigrid industry.