Eaglestone Advises Red Rocket South Africa on the Tournee Solar PV Park Project

Eaglestone is pleased to announce that it acted as financial advisor to Red Rocket South Africa (Pty) Ltd on the Tournee Solar PV Park project, which successfully achieved Financial Close today.

This marks the second private PPA project closed with Discovery Limited’s Discovery Green as the off-taker. With a contracted capacity of 300 MW and an installed capacity of 331MWp, Tournee will be one of the largest solar PV facilities in South Africa!

Project costs totaled R5.2 billion, with a three-bank consortium providing the debt, including Absa Group, Standard Bank Group and the Development Bank of Southern Africa (DBSA).