Name of the Project
Overberg Wind Farm.

Location
Near Swellendam in the Western Cape, in South Africa.

Project Owner/s
African independent power producer Red Rocket Energy.

Project Description
The 380 MW wind farm will be developed and commissioned in two phases.

RBM has been allocated 230 MW of the project’s total 380 MW export capacity. The wind farm is expected to significantly reduce RBM’s yearly greenhouse-gas emissions by about 30% (700 000 t of CO₂ equivalent).

Potential Job Creation
Not stated.

Capital Expenditure
R13-billion, financed by a group involving Absa Bank, Standard Bank, and the Development Bank of Southern Africa. 

Planned Start/End Date
The project will start full commercial operation in 2027.

Latest Developments
Electricity trader Discovery Green has signed a power purchase agreement with Red Rocket, which unlocks the second phase of the wind farm.

The offtake agreement is the first to be concluded by Discovery Green, which is part of the larger JSE-listed Discovery Group.

The Overberg Wind Farm Phase 2 will deliver over 489 GWh yearly, which will be wheeled to Discovery Green clients, including Impala Platinum, Fortress Real Estate Investments, Balwin Properties, KP Lime, and The Capital Hotels and Apartments. 

Red Rocket CEO Matteo Brambilla has said in a statement that the Overberg Wind Farm represents the future of private-sector-driven renewable energy, describing the multi-offtaker approach being facilitated through Discovery Green as a “landmark” deal.

Discovery Green head Andre Nepgen has noted that the agreement sets a strong precedent for “enabling a new renewable-energy model that meets the needs of a diverse range of businesses”.

Key Contracts, Suppliers and Consultants
Not disclosed.

Contact Details for Project Information
Red Rocket Energy, tel + 27 21 418 3940 or email info@redrocket.energy.