Candi Solar Illuminates the Path to a Sustainable Future with $38 Million Funding Boost
June 11, 2024, 3:33 pm
In a world where the sun's rays hold the key to a brighter, cleaner future, Swiss clean energy company candi solar has emerged as a beacon of hope. With a recent infusion of $38 million in a Series C funding round led by Norfund, Kyuden International, and STOA, candi solar is poised to accelerate its mission of powering a more sustainable planet, one rooftop at a time.
Founded in 2018, candi solar has quickly established itself as a trailblazer in the clean energy industry, offering innovative solar and battery solutions that have captured the attention of investors and customers alike. Collaborating with industry giants such as Airtel and Jindal Saw, candi solar has brought rooftop solar solutions to office buildings across India and South Africa, solidifying its position as a leader in the renewable energy space.
With a portfolio of projects spanning India and South Africa and a total contracted capacity of 112 MW, candi solar is no stranger to success. The recent funding injection will further propel the company's growth, supporting the financing of an additional 200 megawatts (MW) of business solar projects and enabling strategic hiring initiatives to strengthen its team.
The partnership with Norfund, Kyuden International, and STOA signifies a new chapter in candi solar's journey, as they set their sights on expanding their reach and seizing new business opportunities in burgeoning markets like India and South Africa. With a presence in 17 states and two union territories in India, candi solar is well-positioned to capitalize on the growing demand for renewable energy solutions in these regions.
As governments around the world ramp up efforts to promote renewable energy usage, initiatives like the PM Surya Ghar Yojana in India are incentivizing residential solar rooftop installations through subsidies, low-interest loans, and free electricity. This favorable regulatory environment, coupled with candi solar's commitment to innovation and sustainability, bodes well for the company's future as it continues to lead the charge towards a greener, more sustainable planet.
In a world where the need for clean energy solutions has never been greater, candi solar stands out as a shining example of what is possible when passion, innovation, and purpose converge. With the support of their investors and the dedication of their team, candi solar is poised to illuminate the path to a brighter, cleaner future for generations to come.
Founded in 2018, candi solar has quickly established itself as a trailblazer in the clean energy industry, offering innovative solar and battery solutions that have captured the attention of investors and customers alike. Collaborating with industry giants such as Airtel and Jindal Saw, candi solar has brought rooftop solar solutions to office buildings across India and South Africa, solidifying its position as a leader in the renewable energy space.
With a portfolio of projects spanning India and South Africa and a total contracted capacity of 112 MW, candi solar is no stranger to success. The recent funding injection will further propel the company's growth, supporting the financing of an additional 200 megawatts (MW) of business solar projects and enabling strategic hiring initiatives to strengthen its team.
The partnership with Norfund, Kyuden International, and STOA signifies a new chapter in candi solar's journey, as they set their sights on expanding their reach and seizing new business opportunities in burgeoning markets like India and South Africa. With a presence in 17 states and two union territories in India, candi solar is well-positioned to capitalize on the growing demand for renewable energy solutions in these regions.
As governments around the world ramp up efforts to promote renewable energy usage, initiatives like the PM Surya Ghar Yojana in India are incentivizing residential solar rooftop installations through subsidies, low-interest loans, and free electricity. This favorable regulatory environment, coupled with candi solar's commitment to innovation and sustainability, bodes well for the company's future as it continues to lead the charge towards a greener, more sustainable planet.
In a world where the need for clean energy solutions has never been greater, candi solar stands out as a shining example of what is possible when passion, innovation, and purpose converge. With the support of their investors and the dedication of their team, candi solar is poised to illuminate the path to a brighter, cleaner future for generations to come.