candi solar

Subsidy : May 2022 - December 2022

BIO has granted USD 16,320 in technical assistance to candi solar, a company installing, owning and operating solar production plants and selling electricity to clients in India and South Africa.

Amount

€ 15,203.00

Type of investment

Subsidy

Beneficiary locations

Africa: South Africa

Asia: India

Investment field

Infrastructure

Activity

DD.35.113 Production of electricity: solar

Organisation

candi solar

Website

http://candi.solar

Domicile

Netherlands

More investments in

candi solar

Debt $ 9,000,000.00 (2024)
Debt € 6,180,468.00 (2023)
Debt € 4,074,650.00 (2021)

candi’s core strategy is to serve SMEs that need reliable and affordable energy but prefer to focus their resources on their core business and outsource the financing and management of a solar plant.

Solar plants are generally installed on rooftop and range from 20KWp^_* to average sizes 3-4MWp with an average of 350KWp. To unlock this market overlooked by most players, candi ambitions to reach high volumes, compress transaction costs, leverage its fundraising expertise and rely on state-of-the-art proprietary credit analysis and monitoring tools to minimise risks.

_{* kWp stands for kilowatt ‘peak’ power output of a system. A solar panel with a peak power of 3kWp which is working at its maximum capacity for one hour will produce 3kWh.}