Empowering Sustainable Energy Solutions: EcoSoch and Candi Solar’s Strategic Partnership

In today’s rapidly evolving energy landscape, the transition to renewable energy sources is no longer just an option—it’s a necessity. At the forefront of this movement are companies like EcoSoch and Candi Solar, whose innovative partnership is driving the adoption of solar power across India. This blog explores the journey of EcoSoch, the strategic alliance with Candi Solar, and the groundbreaking solar solutions they offer to businesses and individuals alike.

The Genesis of EcoSoch

Founded in 2011 at Sunlit Future in Auroville, EcoSoch initially focused on energy efficiency and waste management. These early efforts were crucial in laying the groundwork for what the company would become—a leader in sustainable energy solutions. By 2015, recognizing the growing need for renewable energy, EcoSoch shifted its focus to providing solar rooftop solutions for residential and commercial buildings. This pivot not only broadened their impact but also set the stage for future growth. EcoSoch’s evolution continued as it became a Private Limited Company, solidifying its commitment to delivering high-quality, reliable solar solutions.

Candi Solar: A Global Leader with Local Impact

Candi Solar, a Swiss-based company headquartered in Zurich, is a key player in the global solar energy market, particularly in Asia and Africa. Since its inception in India in 2017, Candi has established itself as a powerhouse in the solar sector, completing over 25 MW of solar projects across various industries, including textiles, auto components, engineering, consumer goods, and education. With an additional 20+ MW of projects currently in development across multiple Indian states, Candi Solar’s influence continues to grow.

What sets Candi apart is its unique approach—combining Swiss engineering expertise with robust local partnerships. This blend allows Candi Solar to offer businesses a straightforward, efficient way to transition to solar energy, ensuring that the adoption process is seamless and beneficial in the long term.

The EcoSoch-Candi Partnership: A Synergy for Sustainable Growth

In a significant step towards enhancing their offerings, EcoSoch partnered with Candi Solar. This collaboration brings together the strengths of both companies, creating a comprehensive end-to-end solar solution for clients. The partnership is designed to provide flexible, financially sound solutions tailored to meet the specific needs of businesses, from large-scale enterprises to MSMEs (Micro, Small, and Medium Enterprises).

The EcoSoch-Candi partnership operates on a shared value model, which means that both companies are invested in the long-term success of their clients. By taking on the risks associated with solar energy projects, they ensure that clients can fully reap the benefits of solar power without the burden of operational and technical challenges.

Innovative Solar Financing Solutions

A key aspect of the EcoSoch-Candi collaboration is the range of innovative financing solutions designed to make solar energy accessible and affordable for all types of businesses. These solutions include the Power Purchase Agreement (PPA), Performance Linked Loan (PLL), and Solar Loan, each offering distinct benefits tailored to different needs.

1. Power Purchase Agreement (PPA)

The PPA allows businesses to unlock the benefits of solar power without any upfront investment. Under this model, clients only pay for the electricity generated, making it a highly cost-effective solution. Key advantages include:
– No upfront costs: Businesses can enjoy solar energy without any initial capital investment.
– Flexible ownership: Clients have the option to transfer ownership of the solar plant at the end of the term.
– Tailored for all: Ideal for both large enterprises and MSMEs who wish to remain asset-light.
– Risk-free solar: EcoSoch and Candi handle all technical and operational risks.
– Swiss excellence: Clients benefit from Candi’s Swiss engineering expertise in solar generation.
– Guaranteed performance: Generation guarantees are provided, with liquidated damages paid if targets aren’t met.

2. Performance Linked Loan (PLL)

The PLL is a unique offering that allows clients to own their solar projects with Candi funding 100% of the cost, including GST. This model operates on a “pay-as-you-go” basis, where clients pay only for the electricity generated. It offers:
– Full project funding: No margin money, processing fees, or credit rating requirements.
– Zero payments if no generation: Clients pay nothing to Candi if the solar plant doesn’t generate power, while still enjoying tax benefits.
– Generation guarantees: Liquidated damages are paid if generation targets aren’t met.

3. Solar Loan

For businesses that prefer to own their solar assets outright, the Solar Loan offers a straightforward financing option with Candi funding 100% of the project cost. Benefits include:
– Preserve bank credit lines: No impact on existing credit lines.
– No margin money or fees: No additional financial requirements, making it easier to secure funding.
– Fast approval: Candi provides fast approval with attractive interest rates based on its credit assessment.
– Optional project management support: Ensures smooth project execution and protects client interests.

Conclusion

The partnership between EcoSoch and Candi Solar represents a significant leap forward in making solar energy accessible, affordable, and risk-free for businesses across India. By combining EcoSoch’s local expertise with Candi’s global experience, they are setting a new standard for solar solutions in the country. Whether through innovative financing models like the PPA, PLL, or Solar Loan, this collaboration ensures that businesses of all sizes can confidently transition to renewable energy, paving the way for a sustainable future.