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Mulilo Power Holdings (Pty) (“Mulilo”), majority owned by Copenhagen Infrastructure Companions (“CIP”), has in partnership with EDF Renewables (Pty) Ltd (“EDF”) been awarded most popular bidder standing for 3 battery power storage initiatives totaling 1,028 MWh / 257 MW in South Africa
COPENHAGEN, Denmark, Jan. 04, 2024 (GLOBE NEWSWIRE) — A consortium consisting of Mulilo, a South African unbiased energy producer majority owned by CIP by means of its Progress Markets Fund I (CI GMF I), and EDF has been efficiently chosen as most popular bidder for 3 battery power storage initiatives. A complete of 5 initiatives had been awarded beneath South Africa’s first Battery Power Storage Procurement Programme by the Division of Mineral Assets and Power.
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The consortium holds international expertise with battery power storage programs and native market experience, guaranteeing that the three amenities, Oasis Aggeneis, Oasis Mookodi and Oasis Nieuwehoop, will ship cost-effective and environment friendly storage capability to South Africa’s electrical energy grid. The overall price of the initiatives is estimated to be greater than ZAR 7bn, and development is anticipated to begin in mid-2024. When accomplished, the three initiatives will dispatch electrical energy beneath 15-year energy buy agreements to South Africa.
Robert Helms, companion at CIP, commented: “Securing most popular bidder standing for almost all of the procured capability in South Africa’s first public battery storage tender along with EDF marks a big step within the accelerated progress journey of Mulilo. We commend the South African authorities’s robust dedication to the fast buildout of battery power storage, a key focus expertise for Mulilo. With the announcement, we’re proud for Mulilo to proceed its optimistic contribution to the nation’s power safety, socio-economic progress, and inexperienced transition.”
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“This achievement is a vital and important milestone for Mulilo. I’m very pleased with your entire crew that’s presently outperforming our enterprise plans and look ahead, along with our companions, to the profitable execution of those initiatives,” mentioned Jan Oberholzer, Chairman of the Board in Mulilo. “We stay dedicated taking part in our necessary half guaranteeing sustainable electrical energy provide wanted for financial progress and the betterment within the lives of the 61 million folks in our lovely nation.”
About Copenhagen Infrastructure Companions
Based in 2012, Copenhagen Infrastructure Companions P/S (CIP) right this moment is the world’s largest devoted fund supervisor inside greenfield renewable power investments and a worldwide chief in offshore wind. The funds managed by CIP deal with investments in offshore and onshore wind, photo voltaic PV, biomass and energy-from-waste, transmission and distribution, reserve capability, storage, superior bioenergy, and Energy-to-X.
CIP manages 12 funds and has up to now raised roughly EUR 26 billion for investments in power and related infrastructure from greater than 150 worldwide institutional buyers. CIP has roughly 500 workers and 12 workplaces world wide. For extra info, go to www.cip.com
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