Mulilo, one of South Africa’s most prominent renewable energy companies, is delighted to announce the successful conclusion of a long-term Power Purchase Agreement (PPA) with Air Products South Africa. This ground-breaking agreement solidifies the commitment of both companies to sustainable energy solutions and marks a significant milestone in South Africa’s renewable energy landscape.
Under the terms of the agreement, Air Products will procure up to 75MW of renewable energy from a state-of-the-art solar farm, set to be constructed in the Northern Cape. The solar farm will be jointly owned by Air Products and Mulilo, demonstrating their collaborative efforts to foster clean energy initiatives. The financial close for the project is expected to take place in the fourth quarter of 2023.
Once operational, the solar farm will have an impressive capacity to generate approximately 240GWh of electricity annually. This substantial output will contribute significantly to the country’s renewable energy targets, reducing reliance on conventional power sources and promoting a greener future.
Speaking about the landmark partnership, Mulilo CEO John Cullum expressed his enthusiasm, stating, “Mulilo is excited to partner with Air Products on this important project. This will be one of the first large-scale wheeling solar projects in South Africa and continues to cement Mulilo as a leading renewable energy supplier in the country. This project is furthermore an important step in ending load shedding in South Africa, where the private sector has the ability to play an important role.”
By collaborating with Air Products, Mulilo aims to not only advance the growth of renewable energy but also address the persistent issue of power outages in South Africa. The project demonstrates the significant potential of the private sector in tackling the nation’s energy challenges and driving sustainable development.
For more information on Air Products South Africa, please visit their official website at www.airproducts.co.za. To learn more about Mulilo and their renewable energy initiatives, visit www.mulilo.com.
This pioneering agreement between Mulilo and Air Products South Africa sets a remarkable precedent for large-scale wheeling solar projects in the country, marking a significant stride toward a greener, more energy-independent future.