RE firm Candi Solar secures USD 38 mn funding – EQ
0
0
In Short : Candi Solar, a renewable energy firm specializing in solar power solutions, has secured USD 38 million in funding. This capital injection aims to accelerate the deployment of solar energy systems in emerging markets, expanding Candi Solar’s reach and impact. The investment will enhance their ability to provide affordable and sustainable energy solutions, driving growth and innovation in the sector.
In Detail : NEW DELHI : Renewable energy company Candi Solar on Monday announced that it has secured USD 38 million (around Rs 317 crore) in a funding round led by Norfund, Kyuden International, and STOA to expand its business in India and Africa.
Its portfolio includes 112 MW capacity of green energy projects, including in India, the company said in a statement.
The company “announces the successful closure of its series C funding round, securing USD 38 million in equity investment. The round was led by Norfund, Kyuden International, and STOA, reflecting a vote of confidence in Candi’s mission and growth trajectory,” the statement said.
