“The new investment partners will assist Red Rocket in building out utility-scale power projects on the continent,” said CEO Matteo Brambilla. — Bloomberg
Cape Town: South African renewable energy developer Red Rocket raised US$160mil in funding from management and investment partners to help the business expand across the region.
The Cape Town-based company has built hydro, solar and wind projects. It reached financial close on 364 megawatts of wind turbines in February.
