- Red Rocket has secured the 275 MWp Virginia Solar Park, marking a significant achievement for the integrated Independent Power Producer (IPP).
- Virginia Solar Park is the biggest solar farm under the REIPPPP and has a contracted capacity of 240 MW.
Red Rocket has secured the 275 MWp Virginia Solar Park, marking a significant achievement for the integrated Independent Power Producer (IPP) and its endeavours to drive clean, sustainable energy through renewable sources in South Africa.
Also, the firm has been on an upward trajectory characterised by consecutive wins in each of the bid rounds of the Renewable Energy Independent Power Producers’ Procurement Programme (REIPPPP), an impressive track record solidifying its position as a market leader in Africa’s highly competitive renewable energy landscape.
Virginia Solar Park is the biggest solar farm under the REIPPPP and has a contracted capacity 240MW, for which Red Rocket was awarded under Bid Window 6. It is located in the Free State about 140km north-east of Bloemfontein
The company secured the most megawatts awarded during this round, at 440MW, representing a monumental victory of 44 per cent of the MWs awarded in Round 6.
Likewise, CEO of Red Rocket, Matteo Brambilla, said Virginia Solar Park joins other successful projects in the IPP’s portfolio—powered by its relentless mission to add crucial capacity to the grid—and is set to help South Africa address its immediate and future energy needs.
Furthermore, the project culminates in a partnership between Red Rocket, investment holding company Reatile, equity partners Jade-Sky Energy, and the Red Rocket Opportunity Trust. Rand Merchant Bank (RMB) will finance it. A joint venture between PowerChina and Green Whistle will build the Virginia Solar Park under a turn-key EPC contract.