415 kWpCandi will use funds from this raise to install approximately 415 kWp capacity of solar panels.
Funds from this raise will provide one small and medium sized enterprise (SME) with clean and affordable energy.
Founded in January 2018, candi is a dedicated rooftop solar installer, financier and operator for underserved small and medium sized businesses (SMEs) in South Africa and India.
It brings together international capital, through its Swiss-based parent, and local expertise in order to serve this underserved sector. In doing so candi aims to reduce carbon emissions, create jobs, increase energy access and save money for businesses, thereby releasing capital for more productive use in the economy.
About candi solar B.V
Key Product Information
Issuer: Candi solar B.V.
Issuing Country: Netherlands
Investment target: £250,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 6 months
Expected interest rate: 5.75% per annum
Withholding tax rate: 0% (applicable to UK residents who do not invest within an IF ISA)
Interest payment frequency: 6 monthly
Capital repayment: 6 monthly
Financial instrument: Promissory note / secured interest bearing bond
Security: Secured (For more information regarding security, see page 27 of the Offer Document)
This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.
You must read the investment memorandum (provided below) where a full statement of risks is presented.
Candi solar in the media
Candi solar B.V. is one of the pioneering solar companies supported by the Energise Africa initiative, a joint venture between Lendahand and Ethex.
What the project investment will enable
With the funds from this raise, candi will finance, procure and install tailor made solar infrastructure of up to 415kWp capacity to lease to one SME in South Africa.
Since its incorporation, candi has built a portfolio of more than 33.5MWp and has a predicted pipeline of a further 100MW of installations across South Africa and India. As well as installing these systems for their clients, candi also provides technical advice and operation and maintenance support, providing their clients with a holistic solution to their systems. All the company’s equipment is certified and sourced from tier 1 suppliers across the value chain, including Jinko Solar, Trina Solar and SMA Solar Technology.
Having access to their own electricity supply means client's can greatly reduce the impact of blackouts and load shedding from the power grid, and candi's variety of contracts mean client can choose a structure that best meets their company needs and financial position.
candi solar B.V
candi offers a fully financed rooftop solar solution to underserved SMEs in South Africa, allowing clients to immediately cut their electricity costs, reduce their reliance on grid and diesel power, and eventually own the system themselves.
This investment will empower the SMEs through a fully financed rooftop solar solution, cutting their operating costs and allow them to inject the savings back into their operations e.g. to create jobs, finance schoolbooks & playground equipment, purchase IT equipment and make refurbishments.
Social and environmental impact
The installation of solar plants for small and medium-sized enterprises (SMEs) has shown to have both a significant impact on the companies and the environment. To date, candi has contracted approximately 33.5MWp in projects across 80 different sites in South Africa and India.
The positive impact of addressing this market gap is immense. The social impact that candi has made to-date is:
tailor made solar infrastructure projects installed
total installed/commissioned capacity to date
full time employees at candi
The environmental impact of installing the full 415kWp capacity from this raise will be:
new SME utilising clean energy
reduction of CO2 each year per system
total CO2 emissions offset over 25 years