Norton Rose Fulbright South Africa Advised Red Rocket On The First Phase Of The 379.9 MW Overberg Wind Farm
Norton Rose Fulbright South Africa advised Red Rocket on the first phase of the 379.9 MW Overberg Wind Farm
Norton Rose Fulbright South Africa acted as legal advisor to Red Rocket South Africa Proprietary Limited and its associated group companies on the First Phase of the 379.9 MW Overberg Wind Farm, achieving financial close on 12 March 2025.
The project is being developed in two phases, with 230 MW of the export capacity secured by Richards Bay Titanium Proprietary Limited under a 20-year power purchase agreement. Once completed, the Overberg Wind Farm will be the largest wind farm on the African continent.
Norton Rose Fulbright provided comprehensive legal advice to Red Rocket and its group entities in securing multi-phase project financing from Absa Bank Limited, Standard Bank of South Africa Limited, and the Development Bank of Southern Africa.
In addition, the firm advised Overberg RROT (RF) Proprietary Limited, a shareholder in the project, on the execution and closing of the required equity financing, led by Mali Cossie (Director), with financing provided by the Development Bank of Southern Africa.
The Norton Rose Fulbright South Africa team was led by Jackie Midlane (Head of Banking and Finance & Projects), with support from Malibuye Cossie (Director), Raghemah Hendricks (Director), Christina Pretorius (Director), Matt Ash (Director), CJ Grey (Senior Associate), Nicole Mc Millan (Senior Associate), Olivia Radford (Senior Associate), Devan Falconer (Associate), Luke Schooling (Associate), Dylan Hampton (Trainee Associate), and Hannah Howell (Trainee Associate).
Commenting on the transaction, Jackie Midlane said, “This transaction highlights our expertise in advising and partnering with our clients in complex transactions and renewable energy. Our expertise was instrumental in navigating the complexities of this project and reaching financial close for the First Phase of this landmark project, which once complete will be the largest wind farm on the continent.”
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