Candi Solar
Challenges
The Project
Candi Solar provides small and medium-sized enterprises (SMEs) in the commercial and industrial sectors with access to clean energy, often at a lower price than the one offered by the national grid. With dedicated financial and contractual engineering, Candi Solar can offer solutions to companies that struggle to secure financing from traditional banks, while ensuring balanced credit risk management.
By using digital solutions to streamline the operation and maintenance of its installations, Candi Solar has demonstrated its ability to scale. By 2028, the company plans to have installed a total of 800 megawatts of solar power by expanding its operations in India and South Africa and replicating its model in other countries in southern and eastern Africa.
Supporting Women’s Employment in the Energy Sector
Candi Solar is also committed to employing women in the traditionally male-dominated energy sector. At the end of 2023, the company had achieved its first objective: to have 40% female employees. The company is now focusing on meeting the criteria of the 2X Challenge, initiated by the main development institutions.
Fabio Eucalipto, Co-founder and CFO of Candi Solar
Key Facts
Company: Candi Solar
Infrastructure: Solar (C&I)
Geographic Area: India and South Africa
Stake: 22,9%
Since: 2022
Co-shareholders: Founders, E3 Capital, Persistent, EEGF, Gaia Energy Impact Fund, Norfund, Kyuden, others