Nigeria gets 6 solar hybrid minigrids boost

Husk Power Systems, a leading renewable energy company, has made significant strides in Nigeria with the launch of its first six solar hybrid minigrids in the country. The company has ambitious plans to scale up to over 100 minigrids within the next 24 months and reach a total of 500 by the year 2026. In a recent interview with CNBC Africa, Manoj Sinha, CEO of Husk Power Systems, discussed the company's growth plans and the impact of their clean energy initiatives in Nigeria. Husk Power Systems entered the Nigerian market in early 2020, following the formulation of regulations on minigrids in the country in 2017. Despite facing challenges due to the COVID-19 pandemic, the company has been working closely with the federal government of Nigeria, state governments, and the national electrification program to drive their expansion. Sinha highlighted that each minigrid operated by Husk Power Systems is approximately 50 kilowatts in size and runs on 100% renewable energy sources. The minigrids cater to a wide range of customers, including households and commercial users, providing them with reliable and sustainable electricity. The company's first installations were in Nasar-Astate in Northern Nigeria, and they plan to continue expanding across the region, focusing on serving communities and businesses in rural areas. Sinha emphasized that there is a growing demand for clean energy solutions in Nigeria, with customers experiencing significant cost savings compared to traditional energy sources like diesel generators. By switching to Husk Power Systems' electricity, customers have reported savings of 40-60% on their energy expenses, showcasing the affordability and efficiency of the company's minigrids. One of the key aims of Husk Power Systems is to not only provide electricity but also to empower communities with tools for increased productivity and economic growth. Sinha explained that the company's approach goes beyond just delivering electrons, as they work to support productive users and businesses in leveraging electricity for development. By facilitating the adoption of machinery and equipment for businesses like carpentry and agro processing, Husk Power Systems aims to drive substantial GDP growth and wealth creation in the villages they serve. The CEO projected a 2 to 3x increase in wealth for commercial customers and predicted the emergence of new business opportunities as a result of their interventions. Husk Power Systems' holistic approach covers the entire value chain, from providing clean energy to supporting local processing initiatives, thereby contributing to the socio-economic advancement of rural communities.