ENERGY STORAGE

CIP-owned Mulilo & EDF selected as preferred bidders for 1,028MWh of South African storage

January 8, 2024

A consortium consisting of Mulilo – a South African independent power producer majority owned by Copenhagen Infrastructure Partners through its Growth Markets Fund I (CI GMF I) – and EDF has been successfully selected as preferred bidder for three battery energy storage projects totalling  1,028 MWh / 257 MW in South Africa.

The total cost of the three projects – Oasis Aggeneis, Oasis Mookodi and Oasis Nieuwehoop – is estimated to be more than ZAR 7bn ($373m), and construction is expected to commence in mid-2024.

“When completed, the three projects will dispatch electricity under 15-year power purchase agreements to South Africa,” a statement said.

Robert Helms, partner at CIP, said: “Securing preferred bidder status for the majority of the procured capacity in South Africa’s first public battery storage tender together with EDF marks a significant step in the accelerated growth journey of Mulilo. We commend the South African government’s strong commitment to the rapid buildout of battery energy storage, a key focus technology for Mulilo.”

Jan Oberholzer, chairman of the board at Mulilo, said: “This achievement is an important and significant milestone for Mulilo. I am very proud of the entire team that is currently outperforming our business plans and look forward, together with our partners, to the successful execution of these projects. We remain committed playing our important part ensuring sustainable electricity supply needed for economic growth and the betterment in the lives of the 61 million people in our beautiful country.”