- Norway’s development finance institution Norfund has invested $75 million in South Africa’s Mulilo Energy Holdings to support the country’s clean energy transition.
- Mulilo operates 450 MW of solar and wind capacity, with another 765 MW under construction and a 30 GW pipeline that includes battery storage.
- The investment comes through Norway’s Climate Investment Fund, reflecting strong international confidence in Africa’s renewable energy sector.
- Mulilo’s expansion is guided by CEO Jan Oberholzer, former COO of Eskom, as the company accelerates its regional renewable growth.
