A consortium comprising Mulilo, a South African power producer primarily owned by CIP through its Growth Markets Fund I (CI GMF I), alongside EDF, has clinched the position of preferred bidder for three battery energy storage projects.
These projects stand as a key facet of South Africa’s inaugural Battery Energy Storage Procurement Programme, a notable initiative orchestrated by the Department of Mineral Resources and Energy, awarding a total of five projects.
Leveraging global expertise in battery energy storage systems coupled with extensive local market knowledge, the consortium, overseeing Oasis Aggeneis, Oasis Mookodi, and Oasis Nieuwehoop, aims to provide South Africa’s electricity grid with cost-effective and highly efficient storage capacity.
The estimated cost for these projects surpasses ZAR 7 billion, and groundbreaking for construction is anticipated to commence by mid-2024. These facilities are slated to supply electricity to South Africa under 15-year power purchase agreements.