Copenhagen Infrastructure Partners (CIP), in collaboration with Mulilo and EDF, has achieved preferred bidder status for three battery energy storage projects in South Africa. This success comes as part of South Africa’s inaugural Battery Energy Storage Procurement Programme, overseen by the Department of Mineral Resources and Energy, where a total of five projects were awarded.
Consortium Expertise and Project Details
The consortium, led by Mulilo, a South African independent power producer majority-owned by CIP through its Growth Markets Fund I (CI GMF I), and EDF, brings a wealth of global experience in battery energy storage systems. The three projects—Oasis Aggeneis, Oasis Mookodi, and Oasis Nieuwehoop—are designed to provide cost-effective and efficient storage capacity to enhance South Africa’s electricity grid. The estimated cost of these projects exceeds ZAR 7 billion, with construction slated to commence in mid-2024.
Power Purchase Agreements and Project Impact
Upon completion, the three projects will operate under 15-year power purchase agreements, contributing to South Africa’s energy landscape. Robert Helms, a partner at CIP, acknowledged the significance of securing preferred bidder status, emphasizing the positive impact on Mulilo’s growth journey and the country’s energy security goals.
Commendation and Commitment
Jan Oberholzer, Chairman of the Board in Mulilo, expressed pride in the team’s performance and commitment to sustainable electricity supply. He emphasized Mulilo’s role in ensuring a reliable power infrastructure for economic growth and improving the lives of South Africa’s 61 million inhabitants.
About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners is a global leader in greenfield renewable energy investments, managing funds dedicated to various sectors, including offshore and onshore wind, solar PV, biomass, energy-from-waste, and more. With approximately EUR 26 billion raised from over 150 international institutional investors, CIP remains at the forefront of advancing sustainable energy solutions worldwide.
Source：koreabizwire.com
