Mulilo commits nearly R15 billion to South Africa's renewable energy future

In a landmark moment for South Africa’s energy landscape, Mulilo has announced a staggering commitment of nearly R15 billion at the South Africa Investment Conference 2026. This significant investment marks a vote of confidence in the nation’s economic trajectory and its urgent energy needs, setting a transformative path for the future of renewable energy in the country.

The funding will facilitate the immediate development of three large-scale solar photovoltaic (PV) projects alongside a battery energy storage system (BESS). Collectively, these initiatives aim to deliver a remarkable 716 megawatts (MW) of new export capacity to the national grid, directly responding to the pressing demand for reliable and dispatchable power in South Africa.

With this commitment, Mulilo is setting a precedent for the role of private capital in driving the country’s energy transition at both speed and scale. The Chief Commercial Officer, Seithati Bolipombo said, “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.”

He emphasised that the initiative is not merely about capital injection but rather about fostering long-term partnerships that unlock vital infrastructure, create sustainable jobs and deliver real impact where it is most needed.

Beyond the R15 billion commitment, Mulilo has an extensive pipeline aiming for the deployment of one gigawatt (GW) of renewable energy capacity annually. This positions the company to engage in further substantial investments in the near term, aimed at accelerating the build-out of renewable energy infrastructure.

Mulilo remains steadfast in its commitment to partner with government, regulators, financiers, and local communities to ensure that these investments translate into real-world benefits. Bolipombo noted, “With the right collaboration across government, regulators and industry, South Africa can move faster, build at scale, and fully realise the opportunity of its energy transition.”

As a leading renewable energy developer and independent power producer in South Africa, Mulilo specialises in wind, solar, and battery storage projects. The company boasts a development pipeline that exceeds 30 gigawatts (GW), firmly positioning it at the forefront of the country's transition to a cleaner and more sustainable energy future.

In a time marked by economic challenges and energy demands, Mulilo’s announcement not only promises to enhance the grid's capacity but also signals a broader shift towards sustainable development in South Africa. As the country navigates its energy crisis, the public and private sectors must work closely together to leverage these investments effectively, ensuring a brighter, greener future for all South Africans.