Mulilo has reached financial close on the 105 MW (75 MWac) Du Plessis Dam Solar PV2 facility near De Aar in South Africa’s Northern Cape. Developed in partnership with H1 Capital, the project is among the first in the country to secure financing under an energy aggregator model, with Etana Energy as the offtaker.
“This marks a new era of energy trading and innovation in South Africa,” said Jan Fourie, CEO of Mulilo. “By adopting an aggregator model, we are building a more dynamic and efficient energy market that benefits businesses and consumers alike.”
The facility will generate 248 GWh of electricity annually and is one of four Mulilo plants connected to the Kestrel Main Transmission Substation, a critical grid infrastructure project developed by Mulilo to enhance renewable energy integration.
Mulilo continues to expand its renewable portfolio, having closed 660 MW of new projects in the past year, in addition to its 420 MW of operational assets. Following the Ukuqala Solar project, this latest milestone reinforces the company’s leadership in South Africa’s clean energy transition.
“Our success is driven by strong collaboration with financial, legal, and strategic partners, including Pepper Tree Capital, Bowmans, ENS, and Standard Bank as Mandated Lead Arranger,” said Fourie. “We have an exciting pipeline ahead and remain committed to accelerating South Africa’s shift to sustainable energy.”
Comments