Renewable energy developer Mulilo has announced a major investment of nearly US $900M aimed at strengthening South Africa’s energy security and accelerating its clean energy transition.
The funding will support the rollout of three large-scale solar photovoltaic (PV) projects alongside a battery energy storage system (BESS), adding a combined 716 MW of export capacity to the national grid. The integration of storage will allow electricity to be dispatched during peak demand periods, improving reliability.
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Economic outlook
The announcement highlights the growing importance of private capital in expanding South Africa’s power infrastructure. Mulilo’s commitment signals strong investor confidence in the country’s renewable energy sector and broader economic outlook. Beyond the initial projects, the company is advancing an extensive development pipeline and is targeting the delivery of up to 1 GW of renewable energy capacity annually, positioning itself as a major player in the country’s energy transition.
Seithati Bolipombo, Chief Commercial Officer at Mulilo, said the investment reflects a commitment to a just and accelerated transition, with a focus on long-term partnerships, job creation, and community impact. Mulilo plans to work closely with government, regulators, financiers, and local communities to ensure projects progress efficiently from development to construction and operation. As South Africa continues to reform its energy sector, the announcement reinforces the importance of independent power producers in bridging the electricity supply gap while supporting economic growth and sustainability goals.
