• Mulilo to invest $884 million in South Africa energy projects
• Funding will add 716 MW via solar plants and storage
• Projects aim to improve power reliability and support energy transition

South African renewable energy company Mulilo has committed 15 billion rand (about $884 million) to expand its presence in the country’s power sector.

The investment, announced on March 31 at the South Africa Investment Conference (SAIC), will fund the construction of three large solar plants and a battery energy storage system (BESS), adding 716 megawatts to the national grid.

“This commitment reflects our belief that South Africa is moving toward a just energy transition driven by private sector investment in renewables,” said Seithati Bolipombo, Mulilo’s chief commercial officer.

The company said the projects are expected to help meet demand for reliable, dispatchable power in a system under structural strain. The storage component is designed to support solar integration and improve supply reliability.

Mulilo aims to deploy 1 gigawatt per year as part of a project portfolio exceeding 30 GW. The company did not disclose timelines, locations or financing details.

The announcement forms part of Mulilo’s broader expansion strategy. In September 2025, it secured a financing facility of up to 7 billion rand ($412.6 million) from Standard Bank to support project development.

The facility is intended to strengthen its ability to raise equity and roll out projects under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), a public-private scheme launched in 2011 to boost generation capacity. The company is also looking to consolidate its storage projects and private power purchase agreements.

Abdoullah Diop