ClimateVCCircleabout 2 hours ago
Candi Raises $50 Million for Solar Projects
2 min read
IFC-backed Candi raises $50 million from Pentagreen Capital to fund 400 MWp of solar and battery storage projects in India. The capital supports 227 commercial and industrial customers, 78% of whom are SMEs, generating 560 gigawatt hours of renewable energy annually. Candi aims to exceed 1 GW capacity within 24 months.
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