Norfund makes major investment in South African renewable energy company

The Norwegian investment fund for developing countries, Norfund, has invested $75-million (more than R1-billion) in South African independent power producer (IPP) and renewable energy (solar, wind and battery storage) developer Mulilo, the latter has announced. This investment was managed through Norfund’s Climate Investment Fund. Since 2023, Mulilo’s majority shareholder has been Danish group Copenhagen Investment Partners (CIP). The latter invested in Mulilo through its New Markets Fund I.
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Cabinet officially lifts PBMR from care and maintenance

Cabinet has officially approved the lifting of the Pebble Bed Modular Reactor (PBMR) nuclear technology from care and maintenance. “This decision provides the South African Nuclear Energy Corporation (Necsa) with a legal basis to engage with potential international partners and investors for the revival and further development of the project,” Minister in the Presidency Khumbudzo Ntshavheni said in a post-Cabinet briefing.
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