Candi’s $50m financing partnership targets solar and storage in India

For smaller businesses, financing can be the missing piece between wanting cleaner power and installing it.

What happened

Candi Solar signed a $50m financing partnership with Pentagreen Capital to support approximately 400MWp of solar and battery-storage projects in India. The planned projects serve commercial and industrial customers, including smaller businesses.

This is project financing. Candi separately described an equity round planned for early 2027; that future raise has not closed.

Why it matters

Financing installations can help customers adopt energy systems without funding the entire build themselves. Combining solar and storage also creates more ways to match electricity generation with a business’s needs.

The bigger picture

The planned capacity is not already operational. Deployment, customer contracts and long-term system performance will determine whether the financing translates into useful energy assets and a repeatable model for serving smaller businesses.