Lyra Energy is excited to announce the signing of 3 power purchase agreements (PPAs) for its upcoming Thakadu Solar Power Plant. With majority of offtake covered, Thakadu is set to become one of the country’s most significant private-sector solar projects.
The agreements signal strong and growing confidence from South African businesses in Lyra’s flexible, multi-buyer renewable energy model – designed specifically for companies seeking reliable, cost-effective clean power without the burden of developing their own generation assets.
“We’re proud to launch the Thakadu solar power plant with strong commercial and industrial partners onboard. By pooling resources and offering flexible, risk-managed contracts, Lyra Energy is empowering businesses of all sizes to benefit from large-scale renewable energy. This project is a testament to the strength of our partnership and our commitment to building a sustainable future for South Africa,” says Eben de Vos, Head of Lyra.
Thakadu is designed as a next-generation utility-scale solar facility, combining modern engineering, advanced power management and a contracting structure that prioritises certainty for buyers.
Construction of the Thakadu plant is expected to begin in the first half of 2026, with commissioning set to follow shortly thereafter. Once operational, the project will deliver long-term renewable electricity to a diverse portfolio of commercial and industrial customers across South Africa.
Lyra Energy is a purpose-built renewable energy platform offering businesses a flexible pathway to clean power. By pooling generation resources and matching them with multiple off-takers, Lyra eliminates traditional barriers to entry and accelerates access to affordable, large-scale renewable energy. The Thakadu project marks the first of several developments planned to support South Africa’s shift toward a more competitive, resilient, and sustainable energy future.
