Mulilo reaches financial close on landmark Northern Cape solar project

IN A GROUNDBREAKING achievement, Mulilo has successfully reached financial close on the Du Plessis Dam Solar PV2 facility, a 105MW solar photovoltaic project near De Aar in the Northern Cape.

This pioneering project is one of the first in South Africa to achieve financial close under an energy aggregator model, paving the way for a new era of energy trading and innovation.

The facility, developed in partnership with H1 Capital and with Etana Energy as the offtaker, will generate approximately 248 GWh of electricity annually, significantly contributing to South Africa's renewable energy supply.

Strategically located near several other Mulilo projects, the facility will be connected to the innovative Kestrel Main Transmission Substation, unlocking critical grid capacity in a key solar resource region.

Mulilo CEO Jan Fourie hailed the project as a milestone in South Africa's clean energy transition. "This project represents a new era of energy trading and innovation in South Africa. By leveraging an aggregator model, we are pioneering a more dynamic and efficient energy market that will ultimately benefit businesses and consumers alike."

The Du Plessis Dam Solar PV2 facility is the latest in a string of successful projects for Mulilo, which has closed 660MW of new renewable energy projects over the past year, adding to its existing operational portfolio of 420MW.