June 11, 2024
Kyuden International Corporation
Kyushu Electric Power Co., Inc.
KIC invested in candi solar AG, a company that operates
on-site solar projects in India and South Africa
~Aim to acquire new business opportunities and develop the energy
solutions business~
Kyuden International Corporation("Kyuden International"), a member of
Kyuden Group, has invested in candi solar AG ("Candi"), a Swiss start-up that
develops on-site solar power generation projects※(注記)
for small and medium-sized
businesses in India and South Africa.
※(注記) a service that installs solar power generation equipment on the customer's premises
and allows the customer to directly use the generated electricity
Candi provides tailored contract formats to meet customers' needs to
encourage small and medium-sized businesses to introduce solar power
generation equipment in India and South Africa, which are highly dependent on
fossil fuels. Since its founding in 2018, Candi has steadily expanded its market
share, and as of the end of May 2024, its contracted solar output capacity has
reached around 110 MW.
Through this strategic partnership, Kyuden International aims to support
Candi's further growth, acquire new business opportunities, and develop Kyuden
International’s energy solutions business in India and South Africa, where
economic growth is rapid.
Through these businesses, Kyuden Group will continue to take on the
challenge of realizing a low-carbon, sustainable society as outlined in the
"Kyuden Group Management Vision 2030".
Overview of Candi
Company Name candi solar AG
Established 2018
Head Office Zurich, Swiss
Business Area India, South Africa
Main Business
On-site solar power generation projects for small
and medium-sized businesses in India and South
Africa