Red Rocket, successor to Scatec in Lesotho’s first solar PPP, seeks cover to complete financing round
After taking over Scatec’s stake in this public-private solar power plant at the end of 2022, the South African developer applied for MIGA cover on the last loan granted to complete the takeover of the unit.
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▪ Red Rocket, successor to Scatec in Lesotho’s first solar PPP, seeks cover to complete financing round
▪ After taking over Scatec’s stake in this public-private solar power plant at the end of 2022, the South African developer applied for MIGA cover on the last loan granted to complete the takeover of the unit.
▪ https://www.africabusinessplus.com/en/816640/red-rocket-successor-to-scatec-in-lesothos-first-solar-ppp-seeks-cover-to-complete-financing-round/
Red Rocket, led by Matteo Brambilla, has a 50% stake in the project in Mafeteng and already has Scandinavian investor Norfund in its round, with a 20% interest. Other investors include One Power Lesotho, Power Consult, Izuba Energy and the Lesotho Pension Fund.
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