new solar power
Funds from this raise will provide a further 1.09 MWp of new solar generation to businesses in India
1,337 tonnes CO2 saved every year
These new solar systems will replace high carbon grid electricity, much of which is generated coal-fired power stations.
Help Indian Businesses to go Low Carbon
This investment will have a positive economic and environmental impact. The new solar generation it funds is expected to avoid a total of 33,441 tonnes of carbon emissions over a 25 year lifetime. Delivering solar power to small and medium businesses in India provides clean, affordable and reliable energy to help them thrive.
Electricity from solar power will save the businesses running costs, and candi's customised approach, which includes finance, will make this available to businesses who might not otherwise be able to afford the full up-front costs.
About candi solar B.V
- Incorporated in July 2020
- candi's name comes from commercial and industrial, or c and i, which is the type of solar installations they specialise in
- Since commencing operations, they have contracted or commissioned more than 79 MWp of solar installations at 114 sites.
- As of June 2023, 41 MWp solar capacity is operational, with 38 MWp in delivery.
Key Product Information
Issuer: Candi solar B.V.
Issuing Country: Netherlands
Investment target: £400,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 6 months
Expected interest rate: 5.75% per annum
Withholding tax rate: 0% (applicable to UK residents who do not invest within an IF ISA)
Interest payment frequency: Single interest payment at 6 months
Capital repayment: Single repayment at 6 months
Financial instrument: Promissory note / secured interest bearing bond
Security: Unsecured
Key Risks
This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.
You must read the offer document (provided below) where a full statement of risks is presented.
Documents
Candi solar in the media
Candi solar B.V. is one of the pioneering solar companies supported by the Energise Africa initiative, a joint venture between Lendahand and Ethex.
What the project investment will enable
Power generation in India is dominated by coal with high carbon emissions. Moving to solar energy gives businesses more reliable access to energy whilst also reducing the carbon footprint of their operations.
With the funds from this raise, candi will finance, procure and install tailor made solar infrastructure projects into leases with businesses in India, with a combined capacity of 1.09 MWp. Based on candi's existing clients this is expected to provide new solar systems to two small or medium businesses.
This investment will provide the businesses with a fully financed rooftop solar solution, enabling them to cut their operating costs and allowing them to inject the savings back into their operations.
candi solar B.V
candi offers a fully financed rooftop solar solution to underserved SMEs in India, allowing clients to immediately cut their electricity costs, reduce their reliance on grid and diesel power, and eventually own the system themselves.
As of June 2023, candi had built a portfolio of more than 41 MWp and had contracted to deliver a further 38 MWp of installations across South Africa and India.
Social and environmental impact
candi solar B.V. finances, builds and operates solar solutions for small and medium businesses in emerging markets, helping customers improve their bottom line while at the same time helping mitigate the effects of climate change.
Social Impact
SMEs can benefit from more reliable and cheaper electricity, allowing them to inject the savings back into their business. This is what candi has achieved already:
81
tailor made solar infrastructure projects installed and operating
79 MWp
total installed/commissioned capacity
30 MWp
already operating just in India
Environmental impact
The environmental impact of installing the full 1.09 MWp capacity from this raise will be:
2
businesses supplied with renewable energy
1,337 tonnes
reduction of CO2 each year
33,441 tonnes
total CO2 emissions avoided over 25 years
Offer Documents
Offer Document (Log In to download)