By:Renewablesnow

South African independent power producer Mulilo Energy Holdings Pty has achieved financial close on a 75-MWac/105-MWdc solar project in its home country’s Northern Cape province.

The scheme is one of the first ones in South Africa to reach the milestone under an energy aggregator model, Mulilo said on Tuesday without disclosing financial details. The power producer’s development partner in the project is domestic renewables investor H1 Capital.

The Du Plessis Dam Solar PV2 park will be installed near the town of De Aar and is anticipated to generate about 248 GWh of electricity annually. The plant will be located near several other Mulilo projects and will be run under an off-take agreement with South African energy trader Etana. The electricity will be fed into the national grid via the Kestrel Main transmission substation developed by Mulilo.

Cape Town-based Mulilo, which has over 420 MW of operational wind and solar capacity, last year closed 660 MW of new renewable energy projects. In late 2024, the company secured all needed funds to build a 75-MW solar park in Northern Cape to supply the local air separators of US industrial gases company Air Products.