Mulilo has announced a major investment of nearly R15 billion at the South Africa Investment Conference 2026, signaling a strong commitment to supporting South Africa’s energy security and economic growth. The investment will fund the development of three large-scale solar photovoltaic (PV) projects and a battery energy storage system (BESS), which together will add 716 MW of new export capacity to the national grid. This will directly contribute to providing reliable and dispatchable power, addressing the country’s urgent need for stable energy supply.

The announcement underscores the important role that private capital plays in advancing South Africa’s energy transition. By committing such a large amount of funding, Mulilo is showing confidence in the country’s economic outlook and the potential of the renewable energy sector. The company is not stopping at this investment alone. It is actively working on a substantial pipeline of projects with a goal of generating one gigawatt of renewable energy capacity per year. This shows that more investment is expected in the near future, which will further accelerate the growth of the country’s renewable energy infrastructure.

Seithati Bolipombo, Chief Commercial Officer at Mulilo, explained that the investment reflects the company’s belief in a just and accelerated energy transition for South Africa. She emphasized that the commitment goes beyond simply investing money. Mulilo is also focused on building long-term partnerships that can unlock infrastructure, create employment opportunities, and bring tangible benefits to communities where the projects are developed. Bolipombo added that collaboration between the government, regulators, and industry is crucial for moving projects forward quickly and at scale. With the right partnerships, South Africa can build renewable energy capacity faster and fully realize the benefits of its energy transition.

Mulilo has made it clear that it is committed to ensuring that its investments result in real outcomes. The company plans to work closely with government authorities, regulatory bodies, financiers, and local communities to ensure projects move from planning and commitment to construction and finally to sustained national impact. By doing so, Mulilo aims to contribute not just to the country’s energy capacity but also to economic development and social progress.

This announcement positions Mulilo as a key player in South Africa’s renewable energy sector. By combining significant financial investment with strong collaboration and strategic planning, the company is helping to build a more reliable and sustainable energy system. Its approach highlights the potential of private sector leadership in driving South Africa’s transition to clean energy, while also creating jobs and supporting local communities.

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