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The three Oasis 1 battery energy storage systems (BESS) projects, led by EDF group in collaboration with Mulilo, Pele Green Energy and Gibb Crede, reached financial close in November 2024. Awarded in the first round of South Africa’s Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP), the projects are expected to be commissioned within 24 months and will contribute to the security of supply and stabilising the electrical grid in the country.
The South African Department of Mineral Resources and Energy (DMRE) awarded preferred bidder status to five projects of Round 1 of the Battery Energy Storage Independent Power Producer Programme (BESIPPP1) in November 2023. The Oasis consortium, which was awarded three of the five projects, is led by EDF Group and includes co-sponsor Mulilo, and equity partners Pele Energy Group and Gibb-Crede. Each project includes a 5% ownership interest for local communities through a Community Trust.
The Oasis 1 portfolio comprises the following projects:
• Oasis Mookodi (77 MW capacity with 308 MWh storage),
• Oasis Aggeneis (77 MW capacity with 308 MWh storage),
• and Oasis Nieuwehoop (103 MW capacity with 412 MWh storage)
The three projects amount to 257 MW of capacity and 1028 MWh of storage. All projects are all located in the Northern Cape Supply Area. |
