Mulilo Commits R15bn to Accelerate S. Africa’s Energy Security, Economic Growth

Mulilo has pledged nearly R15 billion to boost South Africa’s energy security and economic growth, underscoring growing private-sector confidence in the country’s renewable energy transition.

The commitment was announced on March 31, 2026, at the South Africa Investment Conference, where the company unveiled plans to fund three large-scale solar photovoltaic projects and a battery energy storage system.

According to Mulilo, the projects will add 716 megawatts of new export capacity to the national grid, helping to address persistent electricity supply challenges. The company said the investment marks a significant step towards accelerating the country’s clean energy shift while supporting broader economic development.

Mulilo further disclosed that it is advancing a pipeline of renewable energy projects targeting up to one gigawatt of capacity annually, positioning it to deploy additional capital in the near future.

Speaking on the development, Chief Commercial Officer Seithati Bolipombo said the commitment reflects confidence in South Africa’s progress towards a just energy transition driven by private investment.

She added that the initiative goes beyond funding, focusing on long-term partnerships to unlock infrastructure, create jobs, and deliver tangible benefits to local communities, while calling for stronger collaboration among government, regulators, and industry players.

The company noted it would continue working with key stakeholders to ensure projects move from planning to execution and deliver sustained national impact.