New IPP formed from Building Energy buyout
Issue 417
- 12 Jun 2020
| 3 minute read
South African asset manager Inspired Evolution’s Evolution II Fund has partnered with the management of Building Energy to acquire Building Energy’s Africa and Middle East business. The new company, rebranded as Red Rocket, is majority owned by Evolution II and is being positioned as a new African integrated independent power producer, Red Rocket chief executive Matteo Brambilla told African Energy.
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