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.