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.
