Evan Rice CEO GreenCape South Africa. Towards a GreenTech SEZ in Atlantis: Manufacturing opportunities for development of local capacity

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1 Evan Rice CEO GreenCape South Africa Towards a GreenTech SEZ in Atlantis: Manufacturing opportunities for development of local capacity

2 GreenCape A non-for-profit sector development agency that supports businesses operating within the green economy in the Western Cape Established in 2010 by the Western Cape Government & City of Cape Town to support the development of the renewable energy sector

3 Vision The Western Cape is the green economy hub for Sub-Saharan Africa the regional headquarters and manufacturing centre for leading companies in this space

4 Western Cape is already SA s emerging renewable energy hub 60% of successful REIPPPP projects developed by Cape-based developers Major foreign manufacturing investments in wind, solar PV and inverters SARETEC providing local skills for the industry Atlantis greentech hub established incentives for local manufacturing and services R8 bn investment in the Western Cape since 2011 >2500 new direct jobs created

5 Local manufacturing is a key drive as part of SA s renewable energy rollout Job creation, local content are key for South Africa Local content requirements have been increasing from round to round of the REIPPPP dti has completed Wind and PV localisation strategies Several manufacturers already established facilities (wind turbine towers, PV modules, inverters) A number of additional opportunities have been identified blades, nacelles, PV cells

6 Atlantis was identified as a potential GreenTech manufacturing hub 6 Source: GreenCape (2014) Atlantis Greentech Industrial Park; Google Maps Primary objectives To grow the green technology sector in the Western Cape and South Africa Help establish Cape Town as the African investment destination of choice for green economy manufacturing To promote the revitalisation of Atlantis as a key industrial node in the region

7 Towards an Atlantis GreenTech 2 greenfield sites (68ha) Accelerated land disposal (EIA complete) City incentives including lower electricity price and waived development fees manufacturing hub Greentech broadly defined as low carbon and/or resource efficient 7

8 1 st anchor investor is GRI wind turbine towers

9 Towards an Atlantis GreenTech Special Economic Zone GreenCape is the project management office on behalf of the Department of Trade & Industry (dti), Western Cape Government and City of Cape Town for the application for designation of a GreenTech SEZ in Atlantis.

10 SA s plans for SEZs South Africa s Industrial Policy Action Plan (IPAP) includes SEZs to encourage industrial development 10 planned sector focused SEZs based on regional advantages - agri-processing, minerals beneficiation, logistics, etc. 2 of the proposed SEZs focus on renewables: Atlantis (GreenTech) Northern Cape (solar, especially CSP)

11 SEZ overview A geographically designated area set aside for specifically targeted economic activities, supported through special arrangements (that may include laws) and systems that are often different from those that apply in the rest of the country: 15% Company tax Building allowance 12i tax incentive Employment incentive Customs controlled area

12 Strong eco-system for success of the SEZ Support already in Atlantis TiSA AIFO ASEZ PMO SEDA SAREBI Aii Green Cape Key considerations: - Energy - Investment - Skills - Co-ordination 12

13 Where are we now Feasibility studies complete Application in process of being drafted dti has published the draft rules and regulations comment period closed Once rules and regs are finalised, application will be submitted Companies wishing to invest before then can get letter from dti ensuring they will not be excluded from benefits after designation

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