Mulilo commits ZAR 15 billion (~$883.5 million) for 716 MW South Africa PV and BESS projects

Cape Town-based renewable energy developer and IPP Mulilo committed nearly ZAR 15 billion (~$883.5 million) at the South Africa Investment Conference 2026 to fund the immediate development of three large-scale photovoltaic (PV) projects and a battery energy storage system (BESS) facility. The combined assets will deliver 716 MW of new export capacity to South Africa’s national grid, addressing the country’s urgent need for reliable, dispatchable power amid ongoing energy shortages. Mulilo’s broader project pipeline targets a goal of 1 GW of new capacity per year, with its development portfolio exceeding 30 GW across wind, solar, and battery storage technologies. The funding commitment follows Mulilo’s strategic focus on accelerating renewable energy integration and grid stability in South Africa’s energy transition. No specific project names or locations were disclosed in the announcement, but the projects are intended to support South Africa’s renewable energy procurement programs and private sector participation in the energy sector.