Mulilo

Our role

Investec supported the financing of Beaufort West Solar, a 380MWDC renewable energy facility developed by Mulilo. The project will have a contracted export capacity of 250MWAC and will connect to the Droërivier main transmission substation, supporting efficient integration into South Africa’s national grid.

The Beaufort West Solar PV project is Mulilo’s first renewable energy project in the Western Cape and reflects the company’s commitment to supporting South Africa’s energy transition.

Once operational, the facility is expected to generate approximately 818GWh of clean electricity annually for commercial and industrial customers through a multi-year power purchase agreement with NOA.

The project is also expected to avoid approximately 860,000 tonnes of CO₂ equivalent emissions each year and generate enough electricity equivalent to powering around 345,000 households annually.

We executed this transaction through close collaboration with our Treasury Sales and Structuring team, including a tailored diesel commodity hedge.

About Mulilo

Mulilo is a South African renewable energy developer and independent power producer specialising in wind, solar and battery storage projects. The company has a development pipeline exceeding 30GW and is focused on supporting South Africa’s energy transition.

About Beaufort West Solar

Beaufort West Solar is a 380MWDC solar PV facility located near Beaufort West in the Western Cape and is one of South Africa’s largest utility-scale solar developments. The project is being developed by Mulilo.