South Africa-based Mulilo secured financial close for the Du Plessis Dam Solar PV2 project, a 105 MW (75 MW (AC)) solar plant near De Aar in the Northern Cape. The Du Plessis Dam Solar PV2 project was among the first in South Africa to secure financing under an energy aggregator model, with Etana Energy as the offtaker and H1 Capital as a partner. In this model, Etana Energy purchases electricity from multiple independent producers and distributes it to commercial and industrial consumers. The facility was set to produce 248 GWh of electricity annually and connect to Mulilo’s Kestrel Main Transmission Substation to improve grid capacity. In the past year, Mulilo closed 660 MW of renewable projects, adding to its 420 MW operational capacity. Several financial and legal teams, including Pepper Tree Capital, Bowmans, ENS, and Standard Bank, assisted in the process.