Renewable energy developer Mulilo has committed nearly R15 billion to new solar photovoltaic (PV) and battery storage projects, adding 716 MW of capacity to South Africa’s grid.
The investment, announced at the Sixth South Africa Investment Conference, will fund the immediate development of three utility-scale solar PV plants, alongside a battery energy storage system, aimed at delivering dispatchable power into the national system.
Mulilo said the projects are intended to respond directly to the country’s need for reliable and flexible generation capacity with storage playing a key role in supporting grid stability and peak demand management.
Mulilo’s Chief Commercial Officer Seithati Bolipombo said the commitment reflects confidence in South Africa’s energy transition and the role of private capital in accelerating delivery.
“This commitment reflects our conviction that South Africa is on a positive trajectory towards a just energy transition supported by private-sector investment in renewable energy,” she said.
Beyond the immediate projects, the company is advancing a broader development pipeline exceeding 30 GW with a target of deploying around 1 GW of renewable energy capacity annually.
Mulilo said it will work with government, regulators and financiers to move projects from development to construction with focus on translating investment into operational capacity on the grid.
