News Industry

France's EDF and Partners Launch Major South African Energy Storage Portfolio

France's EDF and Partners Launch Major South African Energy Storage Portfolio
Tuesday, 30 September 2025 09:39

• EDF starts building 1,028 MWh battery storage in Northern Cape
• $405M project to support Eskom under 15-year PPA
• Three sites to boost grid, aid renewable energy integration

EDF Power Solutions formally launched construction ,on Monday, for three battery storage projects in South Africa's Northern Cape province, marking the start of its 1,028 megawatt hour (MWh) Oasis 1 portfolio.

The sites at Nieuwehoop, Aggeneis, and Mookodi will have a combined capacity of 257 megawatts (MW) and 1,028 MWh of storage capacity, according to a statement from the company.

These projects were awarded under the first phase of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). EDF is developing the sites in partnership with local firms Mulilo, Pele Green Energy, and Gibb-Crede.

Initial work includes site preparation, such as clearing and excavation, and laying the infrastructure foundations. Once operational, the projects will supply power to state utility Eskom under a 15-year power purchase agreement (PPA).

The total cost for the three units is 7 billion rand (about $405 million), financed by Standard Bank of South Africa and ABSA. The portfolio includes a local participation mechanism, with 5% of the capital held by the local community through a Community Trust.

All three units are expected to be commissioned by the end of 2026, aligning with the 24-month timeline set at financial closure.

The Oasis 1 portfolio is significant for South Africa, which faced an electricity deficit of 14.4 terawatt hours (TWh) in 2023, according to Eskom. The battery storage is expected to strengthen the national grid and support the growing integration of intermittent renewable energy sources.

EDF is already a significant player in the country, operating wind farms with a total capacity of 145 MW and having nearly 1 GW of projects currently in development. The company stated the new storage projects confirm its commitment to becoming a major contributor to South Africa's energy transition.

Abdoullah Diop

On the same topic
Orezone produces first gold at new Bomboré plant on December 15 $80 million facility targets 45% output increase by 2026 Bomboré production forecast...
Nairobi will host the summit in 2026, co-organized with Norway, the United States, and the IEA Event aims to speed up access to clean cooking for...
Botswana awards British junior Aterian a new copper exploration license in the Kalahari Copper Belt The license expands Aterian’s copper...
Kenya signs a $311 million investment agreement to build two high-voltage transmission lines Africa50 and PowerGrid Corporation of India...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.