Candi Solar Secures USD 58.5 Mn From International Finance Corporation (IFC) to Power Next Growth Phase
Summary
Candi Solar secured USD 58.5 million in syndicated debt funding led by IFC to support its next growth phase. The company will use the capital to finance nearly 200 MWp of new distributed solar projects in India and South Africa. This round strengthens Candi Solar’s position as a scalable commercial and industrial solar platform and helps it expand its contracted portfolio beyond 400 MWp by 2026. The company also plans to deepen its storage and performance-linked product offering while attracting additional global capital.
Funding
Amount
$59
Total raised
Date
November 27, 2025
Announcement date
Investors
THE WORLD BANK GROUP, IFF, International Finance Corporation
Lead investors
Company
candi.solar
Funded company
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