Powering South Africa’s energy transition through scalable infrastructure solutions

Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank.

Once operational, the project will provide battery storage capacity and ancillary services to the National Transmission Company of South Africa (NTCSA), supporting grid stability and helping to strengthen the integration of renewable energy into the national grid.

The transaction supports Mulilo’s strategy to deliver 1 GW of renewable energy capacity annually and reflects a shared commitment to enabling infrastructure that supports a more resilient, inclusive and lower-carbon energy future.

Beyond its role in strengthening energy security, the project also contributes to broader development priorities by supporting infrastructure resilience, expanding participation in the energy economy and enabling long-term socio-economic value creation.

For more information contact: