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Mulilo reaches financial close on 380 MW solar project (South Africa)

Mulilo, a South African renewables developer, has announced that it has reached financial close on the 380 MWdc Beaufort West solar PV facility, one of South Africa’s largest utility-scale solar projects, located near Beaufort West in the Western Cape (Mulilo press release, 20/04/2026).

  • The facility will have an installed capacity of 380 MWdc and a contracted export capacity of 250 MWac, and it will connect to the Droërivier main transmission substation, allowing efficient integration into the national grid.
  • Once operational, the plant is expected to produce about 818 GWh/year of clean electricity, which will be sold to commercial and industrial customers under a multi-year power purchase agreement signed with NOA Group, a Cape Town-based electricity aggregator and trader.
  • The project is projected to avoid roughly 860 ktCO₂eq/year and generate enough electricity to supply around 345,000 households annually. 

It received support from its shareholders, Danish infrastructure investor Copenhagen Infrastructure Partners and Norwegian investment fund Norfund.

This is Mulilo’s fourth project to reach financial close in 2026, following the 219 MW Orkney Solar PV project in the North West Province, the 337 MW Middlepunt Solar PV project, and the 76 MW/304 MWh Mercury BESS project in the Free State. In March 2026, the company announced an investment of USD918m, to develop a portfolio including 716 MW of solar and storage capacity.

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