NEWS

Mulilo is proud to announce that it has successfully reached financial close on the Middlepunt Solar PV project, a 337 MWDC solar photovoltaic facility with a contracted export capacity of 240 MWAC, located near Welkom in the Free State Province.

This milestone represents a defining moment for Mulilo and the broader renewable energy sector, made possible by the coordinated efforts of stakeholders across local, provincial, and national government. Middlepunt is the first project awarded under the South African government’s Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) Bid Window 7 to reach financial close.

Once operational, the project is expected to generate approximately 770 GWh of clean electricity annually and will connect to the Everest Main Transmission Substation (MTS), enabling efficient integration into South Africa’s national grid. This will result in the avoidance of 813,000 tonnes of carbon dioxide-equivalent emissions annually and will provide enough energy to power approximately 325,000 households. The electricity supplied to the South African grid is priced at ZAR 458/MWh (approximately USD 27/MWh). This represents a significant step forward for the country, making the transition from fossil fuels to renewable energy highly cost-effective. It ranks among the most affordable green energy available anywhere in the world.

A 20-year Power Purchase Agreement (PPA) has been concluded with the National Transmission Company of South Africa (NTCSA), further strengthening the role of transmission reform and market evolution in unlocking new generation capacity.

The successful close of the Middlepunt Solar project further contributes to Mulilo’s strategic ambition of delivering 1 GW of new generation capacity per year, and forms part of its growing portfolio across wind, solar and battery energy storage technologies.