Mulilo has announced successful financial close on the 380 MWDC Beaufort West Solar PV facility, one of South Africa’s largest utility-scale solar photovoltaic (PV) developments, located near Beaufort West in the Western Cape.
The 380 MW solar PV project is sited near Beaufort West in the Western Cape.
With an installed capacity of 380 MWDC and a contracted export capacity of 250 MWAC, the facility will connect to the Droërivier main transmission substation, enabling efficient integration into the national grid.
This is the fourth project Mulilo has brought to financial close since the start of 2026, following the successful closure on the Orkney Solar PV project in North West Province, and the Middlepunt Solar PV project and Mercury BESS project in the Free State. With the addition of the Beaufort West Solar PV project, Mulilo is ahead of its target to deploy 1 GW of renewable energy projects annually, bringing its total portfolio – across already-operational and construction phases – to over 2 GW. This reflects the company’s rapid expansion as a leading player in the renewable energy sector.
The Beaufort West solar PV project, once operational, is expected to generate around 818 GWh of clean electricity annually, sold to commercial and industrial customers across South Africa through a multi-year Power Purchase Agreement with NOA. That is enough electricity to power about 345 000 households annually, and it means an estimated 860 000 tonnes of CO₂-equivalent emissions will be avoided per year.
Achieving financial close on this major project was made possible with the support of Mulilo’s shareholders, Copenhagen Infrastructure Partners (CIP) and Norfund, and through close collaboration with its funding, legal and advisory partners – including Absa, Standard Bank, Investec and Nedbank, as well as Bowmans, PepperTree Capital, Fasken and Arup.
“The Beaufort West Solar PV project is Mulilo’s first renewable energy project in the Western Cape and confirms Mulilo’s continuing commitment to driving South Africa’s energy transition. We are pleased to have worked alongside NOA to bring this project to financial close, with a shared commitment to quality and long-term value creation. Delivering reliable, clean power at scale, we are addressing the country’s immediate energy needs and paving the way for a sustainable and prosperous future.” said Jan Fourie, CEO of Mulilo.
Karel Cornelissen, Group Chief Executive Officer at NOA, commented: “Mulilo is a partner with proven ability to deliver high-quality renewable projects, and this financial close reflects the strength of our collaboration and shared ambition. With this transaction, NOA’s diversified portfolio now approaches 1.5 GW of generation capacity in construction and development across owned assets and strategic offtake partnerships, enabling us to connect reliable renewable energy to commercial and industrial customers that need certainty and long-term supply.”
For more information visit: www.mulilo.co.za