The facility will have an installed capacity of 380 MWDC, a contracted export capacity of 250 MWAC and will connect to the Droërivier main transmission substation, enabling efficient integration into the national grid.
This milestone marks Mulilo's fourth project to reach financial close in 2026, following the successful closure of the Orkney Solar PV project located in the North West Province, as well as the Middlepunt Solar PV and Mercury BESS projects in the Free State. With the addition of the Beaufort West Solar PV project, Mulilo has exceeded its target of deploying 1 GW of renewable energy projects annually, bringing its total portfolio—across both operational and construction phases—to over 2 GW. This milestone underscores the company’s rapid expansion as a leading player in the renewable energy sector.
Once operational, the facility is expected to generate approximately 818 GWh of clean electricity annually, sold to commercial and industrial customers across South Africa through a multi-year Power Purchase Agreement with NOA. In doing so, the project is estimated to avoid approximately 860,000 tonnes of CO₂-equivalent emissions per year and generate enough electricity to power approximately 345,000 households annually.
This success was made possible through the support of its shareholders, Copenhagen Infrastructure Partners (CIP) and Norfund, as well as close collaboration with Mulilo’s funding, legal and advisory partners— including Absa, Standard Bank, Investec and Nedbank, as well as Bowmans, PepperTree Capital, Fasken and Arup.
“The Beaufort West Solar PV project is Mulilo’s first renewable energy project in the Western Cape Province and stands as a testament to Mulilo’s unwavering commitment to driving South Africa’s energy transition. We are pleased to have worked alongside NOA to bring this project to financial close, with a shared commitment to quality and long-term value creation. By delivering reliable, clean power at scale, we are not only addressing the country’s immediate energy needs but also paving the way for a sustainable and prosperous future.” said Jan Fourie, CEO of Mulilo.
Karel Cornelissen, Group Chief Executive Officer at NOA, commented:
“Mulilo is a partner with a proven ability to deliver high-quality renewable projects, and this financial close reflects the strength of our collaboration and shared ambition. With this transaction, NOA’s diversified portfolio now approaches 1.5 GW of generation capacity in construction and development across owned assets and strategic offtake partnerships, enabling us to connect reliable renewable energy to commercial and industrial customers that need certainty and long-term supply.”
About Mulilo
Mulilo is a leading South African renewable energy developer and independent power producer, specialising in wind, solar, and battery storage projects. With a development pipeline exceeding 30 GW, Mulilo is dedicated to driving South Africa’s transition to a cleaner and more sustainable energy future. For more information, please visit www.mulilo.com
About NOA
NOA is a leading South African renewable energy independent power producer, aggregator and trader. The company enables commercial and industrial customers to decarbonise while securing long-term, competitively priced electricity. Backed by experienced infrastructure investors and led by a team of seasoned energy market professionals, NOA combines owned generation assets with long-term offtake partnerships to build a diversified national renewable portfolio. Through its aggregation and trading platform, NOA delivers clean, predictable and flexible energy from wind, solar and battery energy storage facilities located across South Africa. www.noagroup.africa
For more information or media inquiries, please contact:
John Messiahs
Director: Corporate Affairs