Mulilo pledges nearly R15bn for new renewable energy projects in South Africa

Renewable energy developer Mulilo has committed nearly R15 billion to new power infrastructure, as part of announcements made at the South Africa Investment Conference 2026.

The investment will fund the immediate development of three large-scale solar photovoltaic (PV) plants alongside a battery energy storage system (BESS), adding a combined 716 MW of new capacity to the national grid.

The projects are aimed at addressing the country’s ongoing electricity supply challenges by delivering more reliable and dispatchable power.

The announcement highlights the growing role of private sector funding in expanding South Africa’s energy capacity, particularly as the country accelerates its transition toward renewable sources.

In addition to the initial R15 billion commitment, Mulilo said it is advancing a broader pipeline of projects, targeting the development of up to one gigawatt of new capacity per year.

This could see further capital deployment in the near term as the company scales up its operations.

Seithati Bolipombo, chief commercial officer at Mulilo, said the investment reflects confidence in South Africa’s economic direction and its shift toward cleaner energy.

He added that collaboration between government, regulators and industry would be essential to accelerate project delivery and maximise the impact of renewable energy investments.

Mulilo said it will continue working with public and private stakeholders to move projects from planning to construction, with a focus on long-term infrastructure development, job creation and broader economic benefits.

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Yvonne Adhiambo

Yvonne Adhiambo is a construction industry journalist and content specialist with a keen eye for emerging trends, technologies, and innovations shaping Africa’s built environment. With years of experience covering infrastructure projects, equipment, and engineering solutions, Yvonne brings in-depth analysis and practical insights to contractors, engineers, and industry stakeholders. She is passionate about highlighting sustainable construction practices and the latest advancements that drive efficiency and safety on worksites.

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