Mulilo secures financial close on 380 MW solar project in Western Cape
Mulilo has achieved financial close on the 380 MW Beaufort West Solar PV facility in the Western Cape. The plant features a 250 MWAC export capacity and is connected to the Droërivier substation. The project is backed by Copenhagen Infrastructure Partners (CIP) and Norfund, with multi-bank funding from Absa, Standard Bank, Investec, and Nedbank. The facility, once operational, will generate 818 GWh yearly which is sufficient to power 345,000 homes while offsetting 860,000 tonnes of carbon emissions annually.
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