Mulilo is a South African-based renewable energy project developer and investor with a focus on wind and solar PV and hydro technologies. Mulilo works closely with landowners, project developers, technology providers, regulators and investors to source and develop premier renewable energy projects.
Mulilo acts as the project interface, coordinating research, studies, site identification, project structuring, environmental impact assessments, selection of strategic partners, arranging of finance and ensures bid compliance when bidding under the DoE’s REIPPP Programme. Finally, for successful projects, Mulilo manages the financial close process.
Through working with Mulilo, Calulo Renewable Energy has gained invaluable insight into what it takes to develop projects from beginning to preferred bidder status and Mulilo’s success in round 3 of REIPPP bears testimony to this. Not only were the projects well priced but also had the highest SED scores as well as local content, we believe this is what will be required to competitively bid on projects, together with innovative ways to bring the cost of funding down.
Calulo Renewable Energy is currently closing a transaction in which it is acquiring 11% in Mulilo.
Working with a developer like Mulilo gives us the following:
- Access to a diversified portfolio of projects
- Preferred BEE partner status;
- Access to an annuity dividend income;
- Access to further development opportunities without taking development risk on our own;
- Access to a pipeline which is ready for bid;
- Access to business for Calulo Renewable Energy services;