HomeNewsBrandvalley and Rietkloof wind farms financial closure revealed

Brandvalley and Rietkloof wind farms financial closure revealed

Red Rocket South Africa revealed the financial closure of Brandvalley and Rietkloof wind farms in South Africa after EDF RenewablesThe financing of the project was recently completed by the independent power producer (IPP) based in Cape Town, South Africa.

Read also:Agreement signed for development of three onshore wind power projects in South Africa

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The projects are being carried out under the 5th round of the Renewable Energy Independent Power Producer Procurement Program (REIPPPP). They were developed by G7 Renewable Energies. Later on, the projects were taken over by Red Rocket.

The three wind farms that Red Rocket was granted approval to fund, construct, and also operate were approved by the South African Department of Mineral Resources and Energy. The approval took place on October 28, 2021.

Those three projects are currently in the construction phase. Additionally, the 84 MW Wolf Wind Farm situated in the Eastern Cape will be constructed by IPP.

Brandvalley and Rietkloof wind farm projects combined capacity

The Western Cape will see the development of the Brandvalley and Rietkloof wind farms, which will have a combined capacity of 280 MW.

Red Rocket Energy projects that the Brandvalley, Rietkloof, and Wolf wind farms will be able to generate 1,500 GWh of clean electricity per year. Once they are operational, they will help in lowering the carbon dioxide (CO2) emissions related to electricity generation in South Africa.

Red Rocket is working to develop these three renewable energy projects. The company is also working in collaboration with the South African investment company H1 Holdings. It is also partnering with Jade-Sky Energy, the African Infrastructure Investment Managers (AIIM) IDEAS fund, as well as local community trusts.

Future wind farms will sell the electricity they generate to Eskom. The utility is owned by South Africa. 9.3 billion South African rands, will need to be invested by Red Rocket and its partners.

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