Husk Power looks to double capacity in '25

Husk Power Systems, the world's largest mini-grid operator with around 400 of them operationalised in India and other South Asian countries as well as Africa, is looking to double capacity in 2025.

- Arunima Bharadwaj

The company plans to come out with an initial public offering (IPO) in 2027, chief commercial officer Anubha Shukla told FE.

Additionally, the company has diversified into residential solar division — BEEM — to cater to the expanding residential rooftop solar market, especially after the launch of the PM Surya Ghar Muft Bijli Yojana. "We have launched BEEM which offers a range of products that are specifically designed for Indian homes that could be delivered and installed in a very quick manner," Shukla said.

She said the company is in the process of installing about 150 mini-grid projects. "For now, majority of these projects are in Uttar Pradesh and Uttarakhand. Within this year (2025), we are expecting to do about another 1,000 rooftops or so," she said.