Mulilo Energy secures R7bn facility from Standard Bank for growth

Renewable energy developer and independent power producer Mulilo Energy has secured an initially R1.1-billion corporate facility from financial services firm Standard Bank to support equity commitments. A further R5.9-billion can also be allocated from headroom as the security pool grows. The Equity HoldCo Facility is designed to further empower Mulilo’s growth trajectory, Standard Bank says.