responsAbility and Belgian DFI invest debt in candi solar

responsAbility Investments, the Swiss impact investment manager, and BIO, the Belgian Investment Company for Developing Countries,

have provided a USD 10 million equivalent multi-currency loan to candi solar,

A visionary financial and clean energy platform through which distributed energy infrastructure in emerging markets can be built at scale.

This loan will finance new solar projects in South Africa and India, mitigating climate change.

The loan structure provides flexibility in terms of the allocation of funds between South Africa and India as well as in terms of the denomination currency.

Also, the loan allows candi to dynamically align its funding profile with the growth of its portfolio.