Red Rocket prepares major offensive on continent
The independent power producer – spun off from Italian EPC builder Building Energy – is looking to raise funds to expand in Africa.
16/05/2023 at 16h51, by Africa Business+
The company plans to double or triple its portfolio. Red Rocket‘s founder and CEO, Matteo Brambilla, says the goal is to match the vitality of the renewable energy sector in Africa. Today, Red Rocket owns four assets (hydro, solar and wind) and is building a more mature pipeline of assets for its next phase of acquisitions. The company is looking to add more powerful assets, particularly outside its original hunting ground of South Africa.
Recommended articles
Construction & Infrastructure
09/03/2023 at 20h43, by Africa Business+
Technip Energies, EDF Renouvelables and Cegelec-Vinci Energies on the lookout for Mauritanian contracts
Several French energy specialists are participating in a mission to Mauritania, organised from 8 to...
Law firm
17/01/2023 at 15h12, by Africa Business+
Advisers to Gridworks-Virunga Power transaction
The power grid specialist Gridworks, wholly owned by British International Investment (BII), announced...
News
23/11/2022 at 21h31, by Africa Business+
South African renewable energy developer NOA launches with $90m AIIM support
The fund manager will invest in this platform, developing 1GW of capacity following President Ramaphosa’s...
Renewable energies
16/11/2022 at 17h21, by Africa Business+
Renewables : James Josling to lead CWP Global’s hydrogen business in Africa
Active in wind energy in Europe, a promoter of massive hydrogen projects on the African continent, CWP...
Electricity
02/11/2022 at 16h25, by Africa Business+
Tristan de Drouas, EDF Renewables : “Our investments will be guided by Anglo American”
The French energy company and the South African miner plan to cooperate in electrifying the latter’s...