Pentagreen Capital and Candi Solar have signed a $50 million financing partnership for approximately 400 MWp of solar and battery-storage projects in India, the companies announced on 5 November.
The facility covers rooftop and ground-mounted installations, including open-access solar supplies for commercial and industrial customers. The announcement does not specify a separate battery-storage capacity.
Candi expects the projects to serve 227 businesses, with small and medium-sized enterprises representing 78% of customers, and to generate 560 GWh annually. Those are forecasts, rather than completed installations or measured output.
The financing supports a wider ambition to exceed 1 GW of operational solar capacity within 24 months. Candi says that expansion also depends on additional shareholder commitments and an equity fundraising planned for early 2027.
For the supply chain, the programme spans distributed-project engineering, construction and long-term operation. The announcement gives no recruitment total or individual construction timetable.
Source: Candi Solar and Pentagreen announcement, 5 November 2026.
Explore solar-sector jobs on Energy People.
Illustrative file photograph: Astonfield’s 11.5 MW solar plant in Gujarat, India, 23 January 2013; not a Candi-funded project. Citizenmj / Wikimedia Commons, CC BY-SA 3.0. Resized; same licence retained.
Compiled by Energy People with AI assistance from linked sources.
