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DEVELOPMENT: Green Cluster Plan For Atlantis

 



Recent Western Cape Business News

THE City of Cape Town is throwing its weight behind the establishment of a Green Technology Manufacturing Cluster in Atlantis.

As part of this process, the City’s Property Management Department will facilitate the location of ‘green’ industry manufacturers on City-owned land in Atlantis at highly competitive rentals. The initiative is aimed at the rapid release of land in Atlantis Industria for the establishment of green technology industries.

A successful Green Cluster could yield significant benefits for Cape Town. Conservative estimates suggest that up to 2 200 jobs will be created, along with an economic impact of over R3 billion for the Western Cape. The City also sees this as a good opportunity to regenerate industrial development in Atlantis,” says the City of Cape Town Executive Mayor, Patricia de Lille.

The establishment of a Green Technology Manufacturing Cluster in Cape Town forms part of the City’s commitment to leading the field in the provision of renewable and sustainable energy. The City was given this opportunity following the National Department of Energy’s announcement of renewable energy procurement processes and the imminent approval of power purchase agreements.

The National Department of Energy’s allocation of power purchase agreements will lead to the establishment of a number of renewable energy power plants and related manufacturing facilities in South Africa. This planned roll-out will see investments of R10 – 20 billion per year for the next 20 years.

This initiative demonstrates to investors in the green industry that the City is ready and capable to welcome them and to provide all of the necessary support required.

Cape Town is at an advantage in that it has large portions of serviced industrial land available in Atlantis at competitive rental prices. In addition, the location of the proposed wind and solar power plans, harbours in the CBD and Saldanha, skilled workforce and general quality of lifestyle offer Cape Town an advantage over the rest of the country,” says De Lille. The City has already been approached by potential investors who have visited Atlantis and will participate in the National Department of Energy’s tender to secure power purchase agreements. Key investors will decide on where to invest and locate their manufacturing plants.

Land in Atlantis will only be allocated if applicants meet the criteria for green industry manufacturing, which may also include services within the green industry value chain.


 
 
 
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