A consortium of Mulilo, a South African independent power producer majority owned by CIP through its Growth Markets Fund I (CI GMF I), and EDF has been finalised as preferred bidder for three battery energy storage projects. A total of five projects were awarded under South Africa’s first Battery Energy Storage Procurement Programme by the Department of Mineral Resources and Energy.
Furthermore, the consortium holds global experience with battery energy storage systems and local market expertise, ensuring that the three projects, Oasis Aggeneis, Oasis Mookodi and Oasis Nieuwehoop, deliver cost-effective and efficient storage capacity to South Africa’s electricity grid. Reportedly, the total cost of the projects is calculated to be more than ZAR 7 billion. Construction of the project is anticipated to begin in mid-2024. The three projects will dispatch electricity under 15-year power purchase agreements to South Africa after completion.
In November 2023, Copenhagen Infrastructure Partners (CIP), on behalf of its Copenhagen Infrastructure IV (CI IV) fund, began construction on Buffalo Plains. It is a 495 MW wind farm consisting of 83 Siemens-Gamesa turbines located in Vulcan County, Alberta. CIP had acquired Buffalo Plains in 2022 from ABO Wind.
