16-06-2025
The Private Equity Bet Transforming South Africa's Energy Market
Just two years after winning the backing of one of the world's biggest green infrastructure investors, a little-known South African company is rapidly redrawing the country's energy map.
Mulilo Renewable Energy Ltd., which got a $200 million investment from Copenhagen Infrastructure Partners in 2023, has since won more utility-scale battery projects in South Africa than any other rival, despite a growing number of competitive entries. The capital injection from CIP, a private equity manager based in Denmark, is helping Mulilo rapidly challenge the dominance of state-owned monopoly Eskom Holdings SOC Ltd.
