SOLA Achieves Financial Close on NAOS-1, South Africa's Largest Solar and Battery Storage Project

SOLA has reached financial close on Naos-1, South Africa's largest utiliy-scale solar photovoltaic (PV) and battery energy storage system (BESS) project developed for private off-takers. Located in the Free State, Naos-1 is the country's first utility-scale hybrid solar and battery project purpose-built for wheeling electricity to private end-users across the national grid.

Expected to commence commercial operations in 2028, the project represents a significant milestone in South Africa's private electricity market, demonstrating the growing role of large-scale solar-plus-storage solutions in enhancing energy security, supporting industrail decarbonisation and accelerating the country's clean energy transition.

Advisory Team:

Webber Wentzel

Khursid Fazel

Jason van der Poel

Tyron Theessen

Hielien Venter

Megan Jarvis

Jennifer Eborall

Michelle Diers

Keeran