Renewable energy independent power producer (IPP) Red Rocket has reached financial close on the first 242-MW phase of the Overberg Wind Farm, being built near Swellendam in the Western Cape. The project, which is expected to begin commercial operations in early 2027, will deliver an estimated 750 GWh yearly of wheeled electricity to the Rio Tinto Group’s Richards Bay Minerals (RBM) under a 20-year power purchase agreement.
