This landmark project is one of the first in South Africa to achieve financial close under an energy aggregator model, with Etana Energy as the offtaker. The project is being developed in partnership with H1 Capital.

“This is more than just another solar project; it represents a new era of energy trading and innovation in South Africa,” said Jan Fourie, CEO of Mulilo. “By leveraging an aggregator model, we are pioneering a more dynamic and efficient energy market that will ultimately benefit businesses and consumers alike.”

A Strategic Addition to South Africa’s Renewable Energy Mix

The Du Plessis Dam Solar PV2 facility will generate approximately 248 GWh of electricity annually, contributing significantly to the country’s renewable energy supply. Strategically located near several other Mulilo projects, the facility will be one of four Mulilo plants connected to the Kestrel Main Transmission Substation. This innovative substation, developed by Mulilo, has unlocked critical grid capacity in a key solar resource region, ensuring more efficient integration of renewable energy into the national grid.

Momentum in Renewable Energy Development

The Du Plessis Dam Solar PV2 facility is the latest in a string of successful projects for Mulilo. Over the past year, the company has closed 660MW of new renewable energy projects, adding to its existing operational portfolio of 420MW. The facility follows closely on the heels of the Ukuqala Solar project, reinforcing Mulilo’s role as a leader in South Africa’s clean energy transition.

“These achievements are the result of strong collaboration across financial, legal, and strategic advisory teams, including Pepper Tree Capital, Bowmans, ENS, and Standard Bank as Mandated Lead Arranger (MLA), ensuring that complex transactions such as this one are successfully structured and executed,” said Fourie. “We have an exciting pipeline of projects ahead, and we remain committed to accelerating South Africa’s shift to sustainable energy.”