Latest news with #MatteoBrambilla
IOL News
5 days ago
- Business
- IOL News
How Western Cape is leading the charge in renewable energy
The Western Cape is positioning itself as a significant player in South Africa's renewable energy sector, as Premier Winde acknowledged the contributions of independent power producers (IPPs) such as Red Rocket to the province's energy resilience efforts. Premier Winde hosted Matteo Brambilla, CEO of Cape Town-based energy firm Red Rocket, during a special 'on-the-road' edition of the province's weekly energy digicon. The event was held at the company's head office, where Winde toured its state-of-the-art 'Command Centre', a digital hub that tracks real-time energy generation across Red Rocket's renewable projects stretching from the Western Cape to Uganda. Winde said the Western Cape Energy Resilience Programme aims to support the private sector and municipalities in generating a reliable and affordable supply of energy.
IOL News
25-04-2025
- Business
- IOL News
Local IPP reaches financial close for SA's largest wind farm
RED Rocket, a leading renewable energy independent power producer, has reached financial close on the first phase of the Overberg Wind Farm, marking a major milestone in South Africa's clean energy transition. Adding to Red Rocket's impressive portfolio of wind farms, Overberg Wind Farm will be the latest in a series of groundbreaking renewable energy projects, reinforcing Red Rocket's position as a leader in the country's renewable energy sector. Overberg Wind Farm will be developed in two phases, with Richards Bay Minerals (RBM), a subsidiary of Rio Tinto Group, securing the first 230MW of the total 380MW export capacity. This will deliver an estimated 750GWh of clean energy annually to RBM, significantly reducing its carbon footprint and reinforcing its commitment to sustainability. Once fully operational, Overberg Wind Farm will be South Africa's largest privately developed single wind farm, significantly contributing to the country's energy security. The project is expected to cut RBM's annual greenhouse gas (GHG) emissions by approximately 30%, equivalent to 0.7 million tonnes of CO2e. Located near Swellendam in the Western Cape, Overberg Wind Farm will operate under a 20-year Power Purchase Agreement (PPA), further demonstrating Red Rocket's commitment to delivering high-impact renewable energy solutions at scale. Matteo Brambilla, CEO of Red Rocket, welcomed the partnership with Rio Tinto, stating: "We are proud to collaborate with Richards Bay Minerals on this landmark project. Overberg Wind Farm is a testament to what is possible when ambitious renewable energy targets meet the expertise and drive to bring them to life.
