Candi Solar Raises $24 Million from Norfund, STOA, and EEGF

The company will utilize the funding to develop solar projects in India and South Africa

July 22, 2025

/ Melvin Mathew
/ Finance and M&A, Solar
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Switzerland-headquartered solar solutions provider Candi Solar has raised $24 million (~₹2.06 billion) from Norfund, STOA, and the Energy Entrepreneurs Growth Fund (EEGF) to fund new solar power projects in India and South Africa.

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Melvin Mathew

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