At the forefront of scaling energy progress

Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Guarantee Issuing Bank on the financing of Mulilo Energy Holdings’ 380 MWdc Beaufort West Solar PV project.

Our financial commitment supports the full lifecycle of the project, from development and construction through to long-term operations. Once operational, the facility will deliver 100% renewable energy under a long-term PPA to and enable cost-competitive, clean power. This pioneering transaction also supports Mulilo’s ambitious strategy to deliver 1 GW of new generation capacity annually, reinforcing the company’s role as a leading contributor to South Africa’s energy transition.

Beyond its financial impact, the Beaufort West Solar PV project will deliver lasting social impact, generating skilled jobs during construction and operations, supporting local enterprise development, and delivering long-term upliftment for surrounding communities, particularly those most underserved.

This transaction underscores our ability to structure complex wheeled-energy solutions in a fast-evolving market, turning capital into a catalyst for sustainable growth, stronger energy security and inclusive economic development across Africa.