Fabio Eucalipto (Candi Solar)
Overview
Fabio Eucalipto is a distinguished finance professional and entrepreneur, prominently recognized as the Co-founder and Finance Director of Candi Solar, a leading clean energy company. His extensive experience spans investment management, venture capital, and corporate finance across developed and emerging markets. At Candi Solar, Fabio has been instrumental in securing significant fundraising to propel the company's mission in distributed solar solutions, especially within commercial and industrial sectors across India and South Africa.
Recent Developments
- July 2025: Candi Solar secured USD 58.5 million in a funding round led by the International Finance Corporation (IFC), a member of the World Bank Group. This funding aims to expand its contracted portfolio to over 400 MWp across India and South Africa, focusing on enhancing its energy solutions including storage options.
- July 2025: Earlier in the same year, Candi Solar closed a USD 24 million funding round with a substantial convertible loan from Norfund and STOA Infra & Energy. This investment strengthens Candi’s footprint as a long-term energy partner in carbon-intensive markets.
- 2024: Candi Solar was ranked among the top three rooftop solar developers in India due to its strategic expansion into larger open-access projects.
- 2024: The company added more than 60 MW to its active portfolio, including a 16.5 MW open-access solar project in Gujarat, India.
- 2023: Candi Solar emphasized the development of a performance-linked revenue model that aligns financial incentives with system output, fostering long-term transparency and accountability for clients.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Fabio Eucalipto |
| Born | Not publicly available |
| Nationality | Italian |
| Occupation | Finance Director and Co-Founder at Candi Solar |
| Known For | Co-founding Candi Solar, clean energy initiatives |
| Net Worth | Not publicly disclosed |
| Education | MA Accounting & Finance (University of St. Gallen), MBA Exchange (Indian School of Business) |
| Languages Spoken | German, Italian, English, French, Swiss German, Portuguese, Spanish |
Early Life and Education
Fabio Eucalipto grew up in an environment that valued education and innovation, which significantly influenced his later pursuits in finance and energy. He pursued higher education at the University of St. Gallen in Switzerland, attaining a strong foundation in accounting and finance. Further enriching his academic profile, Fabio participated in an MBA exchange program at the Indian School of Business, where he developed a keen interest in emerging markets and renewable energy solutions.
Career and Notable Achievements
Fabio’s career is marked by his entrepreneurial spirit and proficiency in finance management:
- Candid Solar Co-founding: In 2018, Fabio co-founded Candi Solar, focusing on providing affordable and sustainable solar energy solutions for businesses in India and South Africa.
- Investment Management: Before Candi Solar, Fabio built a strong career in investment management, where he engaged in venture, equity, and debt transactions.
- Corporate Culture and Leadership: As CFO in various companies, Fabio excelled in establishing robust financial operations and leading successful fundraising campaigns. He also spearheads People & Culture at Candi Solar, nurturing a diverse workforce across four countries.
- Fundraising: Under Fabio’s leadership, Candi Solar has raised over USD 200 million to date, driving significant growth and innovation in clean energy solutions.
Current Work and Impact
Currently, Fabio Eucalipto focuses on his role as the Finance Director and Co-founder of Candi Solar. He emphasizes the scalability and sustainability of solar solutions in emerging markets, advocating for financial models that support long-term gains for clients. His strategic vision has cemented Candi Solar’s position as a key player in distributed solar energy solutions, particularly in regions like India and South Africa.
Conclusion
Fabio Eucalipto’s work at Candi Solar continues to forge significant advancements in the renewable energy sector. By combining robust financial strategies with innovative solar solutions, he contributes to reducing carbon footprints and enhancing energy accessibility. Fabio’s commitment to clean energy is poised to leave a lasting impact on the global energy industry, reinforcing the importance of sustainable practices.