Mujaahid Hassan, Co-Head of Hybrid Equity at OMAI, said, "Our investment in the Hydra Storage Project is a testament to our commitment to fostering sustainable energy solutions in South Africa. This project addresses the immediate challenges of load shedding and aligns with our nation's climate change objectives." Old Mutual Hybrid Equity has committed preference share funding to Hydra HoldCo, enabling the acquisition of a 35% equity stake in the TotalEnergies Hydra Storage Project. The Hydra Storage Project, a hybrid 216 MWp solar photovoltaic (PV) facility with 497 MWh Battery Energy Storage (BESS), promises substantial social and economic benefits, including increased dispatchable renewable power generation, job creation, and reductions in greenhouse gas emissions.