At the forefront of scaling energy progress

Our R2 billion participation supports the full lifecycle of the project - from design and construction through to operations and maintenance. Once operational, the facility will supply 150MW, 100% renewable energy to Etana, a licensed energy trader, under a 15-year Power Purchase Agreement (PPA), enabling Etana’s customers to access clean energy at a lower cost per kilowatt-hour.

For Mulilo, this transaction marks a significant milestone in scaling its renewable-energy platform and advancing its ambition to close to 1GW of renewable and battery energy storage projects a year. As a pioneering independent power producer, Mulilo is advancing utility-scale solar, wind and battery storage solutions that support South Africa’s energy transition, and this transaction enables its ongoing expansion.

Beyond its financial impact, the Orkney solar project will deliver meaningful social value,  creating skilled employment opportunities during construction and operations, stimulating local enterprise development, and contributing to long-term community upliftment, particularly in underserved communities.

This transaction highlights our capability to structure complex wheeled energy solutions in a rapidly evolving market. We see capital as a catalyst for progress, and our continued leadership in renewable-energy finance reflects our commitment to ESG-aligned funding solutions that enable sustainable growth, strengthen energy security and drive inclusive economic development across Africa.