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Candi Solar Secures $24 Million, Expands 60 MW Portfolio

7/23/2025

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Summary

Story summary

Candi Solar, a trailblazer in solar energy for India and South Africa, has secured $24 million in funding, bringing its total to over $140 million. This investment comprises a $20 million convertible loan and a $4 million mezzanine facility boost. In just a year, Candi has expanded its portfolio by an impressive 60 MW, now totaling 132 MW across 22 Indian states and eight South African provinces.

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Story summary

Candi Solar, a trailblazer in solar energy for India and South Africa, has secured $24 million in funding, bringing its total to over $140 million. This investment comprises a $20 million convertible loan and a $4 million mezzanine facility boost. In just a year, Candi has expanded its portfolio by an impressive 60 MW, now totaling 132 MW across 22 Indian states and eight South African provinces.