R5.2bn Red Rocket solar park first and only project to emerge from Eskom’s land lease scheme

South African independent power producer (IPP) Red Rocket has reached financial close on a 300 MW solar PV project, which will be built at a cost of about R5.2-billion on land leased to it by Eskom. The Tournee Solar Park is in close proximity to the Tutuka coal-fired power station, in Mpumalanga, and construction is expected to take 24 months to complete, with commercial operation anticipated in the fourth quarter of 2027.
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SPS launches buyout model for existing solar and battery systems

Sustainable Power Solutions (SPS) has introduced a buyout model that can convert existing solar and battery systems into immediate capital for South African businesses. SPS is a pan-African funder, developer and operator of solar PV and battery storage plants in the commercial and industrial market.
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Construction starts on next phase of giant wind farm rising in South Africa’s coal heartland

The third 155-MW phase of Seriti Green’s giant Ummbila Emoyeni Wind Farm, which is visibly changing the electricity landscape in South Africa’s coal heartland of Mpumalanga, has entered into construction after advancing to financial close. Seriti Green is majority owned by Seriti Resources, a black-owned coal mining company, with large operations in the province that supply coal to Eskom’s Kriel, Tutuka, Lethabo, Kendal and Duvha power stations, as well as some export markets.
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