DBTIEnergy

Husk + IFC DARES mini-grid rollout (Nigeria)

IFC, with Canada's Support, Backs Husk Nigeria's Mini-Grid Expansion with $5m Investment

Husk + IFC DARES mini-grid rollout (Nigeria)

Husk Power built solar mini-grids in rural Nigeria, giving thousands of homes clean, reliable power and helping small shops grow.

Many villages in northern Nigeria had little or no steady electricity. People used old diesel machines or had no lights at night. That made work hard and kept shops and small farms from growing.

 

Husk, a company that builds small local solar grids, asked for money to build many tiny power systems called mini-grids. The IFC and Canada gave money in May 2025 so Husk could build up to 108 mini-grids. Each mini-grid uses solar panels (and batteries) to make clean power near the village. This gave homes, shops, and schools reliable power.

 

With steady electricity, people can keep lights on, run fridges to sell food, charge phones, and use small machines for work. The money plan is made so Husk can build, get paid back, and then build more places. This helps many more towns get power step by step.

Project Impact

Brought electricity to remote towns that had little or none.
Planned ~28,750 new household and business connections.
About 115,000 people and small businesses to get power.
Cuts the need for noisy diesel generators (cleaner air).
Lowers energy bills — users can save about 25% vs diesel.
Helps shops, fridges, schools, and small farms run longer and earn more.

Total project cost estimated at $25 million. IFC provided $5 million (a $2.5M senior loan + $2.5M concessional loan).

Working Process

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01
Step
IFC structured a revolving loan under the DARES platform so Husk can draw funds, build mini-grids, get repaid by revenue, and redraw funds to build more.
02
Step
Husk builds solar + battery systems, connects houses and small businesses, operates the mini-grids, and charges small monthly fees for power. This keeps operations running and lets Husk expand to more sites.

Other Important Info

  • This project is the first transaction under the IFC DARES (Distributed Access through Renewable Energy Scale-up) platform, a larger facility to speed up decentralized clean energy in West & Central Africa. That makes this project a pilot for scaling. IFC

  • The program supports wider goals to bring electricity to millions across Africa and to help women-led households and small businesses.

Project Information

Husk Power built solar mini-grids in rural Nigeria, giving thousands of homes clean, reliable power and helping small shops grow.

Energy Players

Husk Power Energy Systems Nigeria

Category

Solar hybrid mini-grids (distributed renewable energy / installations).

Start Time

May 13, 2025

End Time

Ongoing rollout

Budget

Estimated at $25 million

Location

Northern Nigeria (rural and underserved communities).

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