75 MW Umoyilanga hybrid project reaches financial close under much-delayed risk-mitigation round

The Umoyilanga hybrid renewables-battery project, which will supply 75 MW of dispatchable electricity daily from 05:00 to 21:30 when built, has officially achieved commercial and financial close and is expected to begin commercial operation in March 2025. The project is being developed by EDF Renewables and Perpetua Holdings, with financial backing from Nedbank, Rand Merchant Bank and the Development Bank of Southern Arica.