Candi Solar India's Ambitious 200 MW Plan by 2025

Candi Solar India plans to complete 200 megawatt solar projects by June 2025 in India and South Africa, with 150 MW already contracted. The projects will cater to commercial, industrial, food, and agriculture sectors. With recent USD 38 million funding, the company aims to boost its solar portfolio further.

Candi Solar India is set to achieve 200 megawatt solar installations by June 2025, expanding its footprint in both India and South Africa, a senior company official has confirmed.

The projects will be established on an engineering, procurement, and construction (EPC) basis for the commercial and industrial sector within India, while the South African projects will target the food and agriculture sectors, said Managing Director Nishant Sood.

The company, which has already contracted 150 MW and is in discussions for an additional 45 MW, recently secured USD 38 million funding to fuel its expansion. Candi Solar India has reported a revenue jump from USD 7.6 million in FY23 to USD 27.2 million in FY24.

(With inputs from agencies.)