Financial Close reached for 219 MW Solar Project in South Africa

Etana Energy has reached financial close with renewable energy developer Mulilo on a 219 MW solar PV project near Orkney in South Africa’s North West Province.

Mulilo’s 219 MWdc utility-scale solar photovoltaic project, which has an export capacity of 150 MWac, was successfully delivered through the collaboration of Mulilo and a consortium of prominent South African financing, legal, and advisory partners, including Absa Bank, Standard Bank South Africa, Fasken, Arup, PepperTree Capital, and ENS Africa. Once operational, the Orkney project is expected to produce around 478 GWh of renewable electricity annually, which will be wheeled to Etana’s customers via the national and municipal distribution networks. The supply will displace over 500,000 tons of CO₂ emissions per year, which is equivalent to removing around 140,000 internal combustion engine vehicles from the road. This is the second project that has achieved financial close between Etana Energy and Mulilo in 12 months, and is a testament to the strength and speed that can be achieved through partnership.

Etana Energy has secured financial close on over 500 MW of renewable energy capacity in the past year, including the previously announced 105 MW Du Plessis Dam Solar PV2 project as well as the 100 MW Zen and 94 MW Bergrivier wind farms. In addition, Etana is already wheeling electricity to Growthpoint Properties sites nationwide from the 5 MW Boston hydroelectric plant in the Free State, which achieved commercial operation in October 2025.