candi solar

Candi Solar is a leading company in the field of clean energy, specializing in decentralized solar power solutions for commercial and industrial customers (C&I customers) in India and South Africa.

Candi Solar offers comprehensive, customized solar and battery solutions that range from financing to engineering to performance management. The company provides flexible contracts tailored to individual needs, including balance sheet-effective and off-balance sheet models. These models minimize risks and offer grid independence, significant savings on electricity costs, and the opportunity to benefit from tax incentives[1][5].

The mission of Candi Solar is to improve access to clean energy in emerging markets and create a more sustainable planet. The company places great importance on a customer-centric approach and a shared-value partnership, where Candi Solar bears the risks and ensures that customers can fully benefit from solar energy. Empathy and understanding the challenges of customers are core values of the company[3][5].

Candi Solar aims to drive the expansion of solar energy in India and South Africa. With a recently secured additional debt financing of USD 18 million from responsAbility and BIO, a climate fund, the total loan facility increases to USD 42 million. This financing enables the company to expand its renewable energy portfolio and develop new solar projects in both regions[1].

Since its founding in 2018, Candi Solar has completed 143 installations in South Africa and India, generating over 110 MW of electricity. The company has reduced over 104,000 tons of CO2 equivalent emissions annually and is continuously working to advance its geographical expansion and serve more businesses with sustainable energy solutions[1].

Candi Solar recently received a significant equity investment of USD 38 million from Norfund, Kyuden International, and STOA to finance its growth and fund an additional 200 MW of installed capacity in commercial and industrial solar projects. These investments strengthen global investors' confidence in the company and bring Candi Solar closer to its goal of becoming the leading provider of solar rooftop systems in the commercial and industrial sector[1].

With a strong presence in 17 Indian states, two union territories, and eight South African provinces, Candi Solar is implementing its mission to facilitate access to affordable clean energy for businesses, thereby contributing to a more sustainable future.

• 1 - https://www.responsability.com/de/medienmitteilungen/candi-solar-sichert-zusaetzliche-usd-18-millionen-von-responsability-und-bio
• 2 - https://www.repic.ch/candi-solar-indien/
• 3 - https://www.candi.solar/our-team
• 4 - https://persistent.energy/investee/candi-solar/
• 5 - https://www.candi.solar