Zurich-based Candi Solar secured USD 50 million in project financing from Pentagreen Capital for around 400 MWp of solar and battery storage projects in India.
The facility will fund rooftop and ground-mounted solar installations paired with battery storage for commercial and industrial customers. Candi develops, finances and operates the systems, allowing businesses to use the power without paying the installation costs upfront.
Pentagreen is a sustainable-infrastructure debt financing platform established by HSBC and Temasek. The agreement is project financing, separate from the equity round Candi plans for early 2027.