Post by Frederik Thoring Flagstad

Exciting Milestone for Mulilo Energy! We’re proud to share that Mulilo Energy Holdings, majority-owned by Copenhagen Infrastructure Partners (CIP), has secured a landmark ZAR 7 billion (USD 400 million) Equity HoldCo Facility from Standard Bank Group. This innovative corporate facility is designed to provide broad strategic support, enabling Mulilo to accelerate its growth trajectory and deliver on South Africa’s renewable energy ambitions. In addition to traditional project-specific financing, this facility empowers Mulilo to execute a robust pipeline of projects, including: ✅ Large-scale renewable energy developments under the REIPPPP ✅ Battery Energy Storage Systems (BESS) ✅ Private off-take agreements with aggregators and traders Earlier this year, Mulilo was named preferred bidder for 493 MW / 1,972 MWh of battery storage in the Free State province and is progressing nine additional large-scale projects toward financial close. This facility is a game-changer for scaling these initiatives, driving energy security, job creation, and regional development. A huge thank you to Standard Bank for their partnership and confidence in Mulilo’s vision. It's important to acknowledge the many people who made this a reality, including the great folks at Standard Bank Corporate and Investment Banking and Fasken (Incorporated in South Africa as Bell Dewar Inc), the leadership at Mulilo including Jan Jurie Fourie, Avra Moodley, Seithati Bolipombo CA(SA) and Freddie Meyer. A special thanks to Raffaella Migliore for her tireless work. Lastly, a shout out to Mikkel Granild, Hubert Schmidt, Nicolai Høj Rasmussen and Pierre Martignoli for their support of the process! Read more here: https://lnkd.in/dvXrJ2EE https://lnkd.in/dPdGGjPA