Norton Rose Fulbright South Africa advises Red Rocket on the First Phase of the Overberg Wind Farm project

South Africa Press release March 2025

Norton Rose Fulbright South Africa is proud to advise that it 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. Financial close was achieved on 12 March 2025.

The Overberg Wind Farm has been developed in two phases with 230MW of the 379.9MW export capacity being secured by Richards Bay Titanium Proprietary Limited under a twenty- year power purchase agreement.

We provided comprehensive advice to Red Rocket and its group entities in securing multi-phase project financing from Absa Bank Limited (acting through its Corporate and Investment Banking Division), Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking Division) and the Development Bank of Southern Africa.

In addition to acting for Red Rocket and its group entities on the closing of the First Phase of the Overberg Wind Farm, we also advised Overberg RROT (RF) Proprietary Limited, a shareholder in the project, on the execution and closing of the equity financing required to be contributed. The financing was provided by the Development Bank of Southern Africa. This was led by Mali Cossie (Director).

“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.” says Jackie Midlane, Head of Banking and Finance & Projects at Norton Rose Fulbright South Africa.

The team was led by Jackie Midlane, Head of Banking and Finance & Projects, with key 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).

Congratulations to the Red Rocket team! We are immensely proud to have been part of this milestone achievement!

For further information please contact:

Motheo Motlhanke, Communications Manager

Tel: +27 11 685 8891  

Contacts

Head of Banking and Finance, Projects, South Africa
Director