President Cyril Ramaphosa was joined by investors during the 6th South Africa Investment on Tuesday. Mulilo has pledged to invest R14.8 billion in the green economy, focusing on renewable energy projects across the Free State, North West, and Western Cape provinces.
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In a landmark announcement at the South Africa Investment Conference 2026, renewable energy powerhouse Mulilo pledged nearly R15 billion in a significant investment aimed at reshaping the country’s energy future.
This bold commitment is not merely a financial injection, it is a testament to the growing confidence in South Africa’s economic recovery and its transition towards sustainable energy.
The funds will go towards the immediate development of three large-scale solar photovoltaic (PV) projects along with a state-of-the-art battery energy storage system (BESS).
Together, these undertakings are set to contribute an impressive 716 megawatts of new export capacity to the national grid, directly addressing the pressing need for reliable and dispatchable power in the region.
Seithati Bolipombo, chief commercial officer at Mulilo, expressed the company's excitement over this investment.
Bolipombo said, “This commitment reflects our conviction that South Africa is on a positive trajectory towards a just energy transition supported by private sector investment in renewable energy.”
Bolipombo emphasised that this is about more than just capital.
“We are investing in long-term partnerships that unlock infrastructure, create jobs, and deliver tangible impact where it is needed most.”
The R15 billion investment positions Mulilo as a leader in South Africa’s energy landscape, which has increasingly turned to private capital as a catalyst for change.
Bolipombo noted that with the right collaborations among government, regulators, and industry players, South Africa could accelerate its energy transition, building out the necessary infrastructure at scale.
The company said it is also advancing a substantial pipeline of projects with the ambitious goal of delivering one gigawatt of renewable energy capacity each year.
This enhances Mulilo’s profile as a significant player in the renewable energy market, poised to deploy additional capital in the near future and thereby substantially contribute to South Africa’s energy independence and sustainability.
Moreover, Mulilo's strategy underscored its commitment to engaging local communities and stakeholders to ensure that these investments lead to meaningful national outcomes.
The company's ethos revolves around translating financial commitments into real-world impacts, moving swiftly from project inception to execution and ultimately to lasting benefits for the nation.
As South Africa grapples with the challenges of energy supply, Mulilo's recent commitment shines a light of optimism on the path towards a renewable energy future.
With strong backing from the private sector, there’s hope that such investments will not only stabilise the energy grid but will also help steer the country towards a more sustainable and resilient economic landscape.
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