With a new equity round in sight, Candi Solar secures €44 million for solar projects in India
Candi Solar, a Swiss clean energy company distributing solar solutions, announced a €44 million ($50 million) financing partnership to build rooftop, ground-mounted, and open-access solar installations paired with BESS across key business hubs in India. This facility from Pentagreen Capital will enable the avoidance of an estimated 397,000 tonnes of carbon dioxide emissions annually. The […] The…
Swiss clean energy company Candi Solar has secured €44 million in financing to build solar installations across India. This investment, led by Pentagreen Capital, will enable the avoidance of around 397,000 tonnes of carbon dioxide emissions annually. The financing partnership will support various solar projects, including rooftop, ground-mounted, and open-access solutions paired with BESS (Battery Energy Storage Systems).
Candi Solar's CEO, Fabio Eucalipto, emphasized that the company's mission is to provide clean, reliable energy to millions of smaller businesses without imposing significant capital requirements. The financing comes amid a series of European funding announcements in 2026 for renewable-energy infrastructure and commercial battery storage.
Notable examples include enshift's €18.5 million investment in Switzerland and Germany's encosa securing €25 million for battery storage targeting SMEs. These investments collectively total approximately €126.9 million when combined with Candi Solar's new €44 million facility.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
