Funds from this raise will provide 1.36 MWp of new solar generation in India ...
... saving 1,670 tonnes of CO2 emissions a year
Solar power for businesses in India
This investment will have a positive economic and environmental impact. By funding the delivery of solar power to small and medium businesses in India, it will provide 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.
These systems are expected to avoid a total of 41,800 tonnes of carbon emissions over their 25 year lifetimes.
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: £500,000
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
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.
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
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 1.36 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.
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.
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 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.
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:
tailor made solar infrastructure projects installed and operating
total installed/commissioned capacity
already operating just in India
The environmental impact of installing the full 1.36 MWp capacity from this raise will be:
businesses supplied with renewable energy
reduction of CO2 each year
total CO2 emissions avoided over 25 years