Mulilo

Copenhagen Infrastructure Partners acquires South African renewable energy IPP

Retrieved on: 
Thursday, March 9, 2023
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COPENHAGEN, Denmark, March 09, 2023 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) has through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) acquired the majority share of Mulilo Energy Holdings (Mulilo), a leading South African renewable energy developer based in Cape Town.

Key Points: 
  • COPENHAGEN, Denmark, March 09, 2023 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) has through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) acquired the majority share of Mulilo Energy Holdings (Mulilo), a leading South African renewable energy developer based in Cape Town.
  • CIP will assume full control of the company, with the current founders and management remaining on board and driving the company’s growth.
  • Today, the company holds an 8% market share in the South African renewable sector and has to date developed and successfully delivered 440 MW of operating wind and solar projects.
  • Our company has enjoyed sustained growth in the South African market since our founding in 2008, and we look forward to accelerating that trajectory in coming years.