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Renewable energy company’s new site signifies Atlantis’s clean, green investment opportunities

The City’s Mayoral Committee Member, Alderman James Vos, this week cut the ribbon to officially open a bigger site for Modulêr Electrical Assemblies, an SMME that produces electrical panel components such as electrical assemblies. The business operates out of the Atlantis Special Economic Zone (ASEZ).

Modulêr's new site has expanded to 4 000m², a significant increase from its initial 700m² when it opened its doors just two years ago.'The company's growth signifies the incredible surge in green economy investments. Modulêr produces components that are used in solar parks, wind farms and data centres. Their products can already be found in data centres in Cape Town. It is further encouraging to note that Modulêr operates in the Atlantis SEZ for whom the City made land available,' said Alderman Vos. <figure class="subtopic-fullsize-img"> <img src="https://resource.capetown.gov.za/cityassets/Media%20Images%202/Moduler1.jpeg" class="responsive" alt="" style="width:1069px;" /> </figure>In addition, Modulêr's electrical panels will form part of the specifications submitted to the City for the installation of the 7 MW solar plant that forms part of the City's energy security plan. Additionally, Modulêr's expansion investment will contribute around R105 million to the economy over the next five years.'Investments in the renewable energy market will continue on its upward growth path, as the world moves towards cleaner forms of power generation. This holds the potential to be a major source of economic growth and jobs for South Africa and the continent. Currently, China produces 84% of the global supply of solar panels, according to a report by the UN-backed Sustainable Energy organisation. The report further states that investment in energy transition technologies creates three times as many jobs as fossil fuels per US$1 million invested. So, it is absolutely clear that we must focus our efforts on increasing the means of local production,' said Alderman Vos.Matthew Cullinan, CEO of the Atlantis Special Economic Zone Company further explained the benefits associated with locating in the ASEZ. <figure class="subtopic-fullsize-img"> <img src="https://resource.capetown.gov.za/cityassets/Media%20Images%202/WhatsApp%20Image%202024-05-24%20at%2008.28.37.jpeg" class="responsive" alt="" style="width:1998px;" /> </figure>'These include ecosystem support from all three spheres of government, the support of the ASEZCo to investors, as well as our ability to provide secure and resilient green infrastructure. As a SEZ actively pursuing the development of two clusters in both the renewable energy and agribusiness value chains, we welcome this expansion and commit ongoing support to Modulêr and others who choose to land in the ASEZ,' said Cullinan. Alderman Vos highlighted that Modulêr's expansion in Atlantis further indicated the area's value as a manufacturing hub. According to a recent City of Cape Town report, more than 60% of the metro's manufacturing sector-related activities take place in Atlantis Industrial on approximately 450 000sqm of floor area. <figure class="subtopic-fullsize-img"> <img src="https://resource.capetown.gov.za/cityassets/Media%20Images%202/Moduler4.jpeg" class="responsive" alt="" style="width:1069px;" /> </figure>'The expansion of economic opportunities in Atlantis comes in the wake of the City's focus on the area by way of the Investment Facilitation Branch (IFB) which supported numerous businesses in setting up their operations. One such company is Hisense who build appliances such as TV sets, refrigerators, and washing machines. These products are sold to consumers across South Africa and exported to countries all across the continent. I am pleased to hear they are expanding their operations in the area. This will mean further job opportunities for Atlantis residents. The Chinese company's growth since first opening the doors to its Atlantis plant 11 years ago is a reflection of the supportive ecosystem fostered by the City of Cape Town,' said Alderman Vos. In further recognition of the region's economic potential, the IFB operates a specialised Atlantis Investment Facilitation Office, which attracts investors by supporting them with access to the full spectrum of City services via a range of line departments including:<ul><li>Property management </li><li>Planning and Building Development Management</li><li>Reducing systemic bottlenecks </li><li>Fast-tracking building plan application</li><li>Land use application fast-tracking</li><li>Prioritised single-point investment facilitation</li><li>Occupancy certificate fast-tracking </li><li>Development contribution deferral and write off up to R1 million</li><li>Special monthly incentive electricity tariffs for two years </li><li>Energy, Water and Waste Services </li><li>Air Emissions Licensing </li><li>Environmental Management, particularly concerning biodiversity management </li></ul>'The IFB, however, goes beyond this through proactive engagement with potential investors, offering tailored solutions to address their unique needs and challenges. Whether it's navigating regulatory frameworks, accessing financial incentives, or providing support, the office ensures that businesses have the necessary support to make informed decisions and expedite their entry into Atlantis Industrial,' said Alderman Vos.Atlantis Subcouncil Chairman, Councillor Allister Lightburn commented that he was pleased with the positive progress made in the community regarding business opportunities that create jobs for residents. 'We are committed to continuing our role in overseeing municipal service delivery to ensure it supports and drives further investment in the area,' he said.In addition, the office offers a host of development programmes to small businesses in the area that help them to capitalise on new opportunities.Current programmes include:<ul><li>Development of sub-contractors to equip them with the necessary experience to potentially bid in potential contracts.</li><li>A high-impact programme, conducted in collaboration with the Enterprise Supplier Development Unit, aimed at preparing participants in the construction industry for tendering and providing them with insights into smart procurement.</li><li>Support to the development of the Atlantis Special Economic Zone for green technology. The SEZ has seen a significant uptake in developments, attracting more than R800 million in investments and creating hundreds of jobs. With a further massive pipeline of investments – it is forecast that private-sector investment over the next five years could amount to R3 billion.</li></ul>To contact the Investment Facilitation Branch, email <a href="mailto:investment.facilitation@capetown.gov.za" target="_blank">investment.facilitation@capetown.gov.za</a> or visit <a href="http://www.investcapetown.com/" target="_blank">www.investcapetown.com</a> End

2024-05-23T22:00:00Z

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