Etana Energy, an electricity trader and energy aggregator headquartered in South Africa, has reached financial close on its first solar project, the 75 MW Du Plessis Dam Solar PV2. Located near De Aar in the Northern Cape, the project was co-developed by Mulilo and H1 Holdings, with Etana serving as the offtaker. Construction is expected to begin by the end of April 2025. Etana secured a ZAR 1 billion (~ $55 million) payment guarantee facility from Standard Bank, in addition to a ZAR 372 million (~ $20.5 million) preference share investment from Standard Bank and Norfund. Du Plessis Dam Solar PV2 is among the earliest utility-scale solar projects in South Africa to appoint a trader as the offtaker, reflecting a growing shift toward private sector participation in the country’s energy transition.