Modulêr Electrical Assemblies, located in the Atlantis Special Economic Zone, produces electrical panel components that play a crucial role in the shift towards renewable energy. Its growth is a testament to the potential of renewable energy as a driver of job creation and economic growth. The ASEZ provides an ideal environment for business growth in the renewable energy and agribusiness value chains, with various development programs in place to promote economic development. The future of Atlantis is set to become a shining example of green innovation and sustainable industrial growth.
What is Modulêr Electrical Assemblies and how does it contribute to renewable energy?
Modulêr Electrical Assemblies is a small to medium-sized enterprise (SME) located in the Atlantis Special Economic Zone (ASEZ) that specializes in manufacturing electrical panel components. Its products play a pivotal role in our shift towards renewable energy as they are used in solar parks, wind farms, and data centers. The growth of Modulêr and ASEZ serves as an inspiring testament to the potential of renewable energy as a driver of job creation and economic growth.
The Ascendancy of Green Energy
With the world gradually shifting its focus to renewable energy and sustainability, the renewable energy market is experiencing a notable boom. A perfect representation of this green movement is the swift development of Modulêr Electrical Assemblies. This small to medium-sized enterprise (SME) is situated in the Atlantis Special Economic Zone (ASEZ) and specializes in manufacturing electrical panel components. A significant marker of the booming green economy is the recent unveiling of its new 4,000 m² facility, an enormous stride from the initial 700m² it occupied just two years ago.
Modulêr’s Role in the Green Revolution
Modulêr’s growth story is not merely a financial success, it is also a victory for the climate. Its products play a pivotal role in our shift towards renewable energy as they are used in solar parks, wind farms, and data centres. Data centres throughout Cape Town already feature their components, demonstrating the feasibility and significance of local production. Further, Modulêr’s electrical panels will play an essential role in the City’s 7 MW solar plant installation, a crucial part of its energy security strategy.
Investment in renewable energy is currently on a sharp ascent as the world takes a firm step towards cleaner power generation. As noted by Alderman Vos, echoing a report from the UN-backed Sustainable Energy organization, investing in energy transition technologies results in triple the number of jobs produced by fossil fuels for every US$1 million invested. This trend presents an enormous opportunity for economic expansion and job creation in South Africa and globally.
ASEZ: Fostering Business Growth in Renewable Energy
The ASEZ itself provides a wealth of benefits as elucidated by Matthew Cullinan, CEO of Atlantis Special Economic Zone Company. These benefits range from ecosystem support from all three government levels to robust and resilient green infrastructure. As an SEZ created to encourage growth in the renewable energy and agribusiness value chains, it represents an environment that is ideal for business growth.
The Investment Facilitation Branch (IFB) of the City of Cape Town has played a critical role in fostering this green growth. It has assisted numerous businesses in setting up operations in Atlantis, including Hisense, a Chinese appliance manufacturer. This company’s growth since its inception 11 years ago mirrors Atlantis’s steady evolution as a manufacturing hub. The IFB operates a dedicated Atlantis Investment Facilitation Office that provides investors with a comprehensive range of City services, as well as customized solutions to address their specific needs and challenges, thus accelerating their entrance into the Atlantis Industrial.
Economic Growth and Development Initiatives
The city’s commitment to the region’s economic development goes beyond simply attracting investments. There are various development programmes in place aimed at providing small businesses and subcontractors with the necessary skills and experience to compete for potential contracts. The Atlantis Special Economic Zone for green technology has been notably successful, drawing in investments exceeding R800 million and creating hundreds of jobs. The forecasted private-sector investment over the coming five years could reach an impressive R3 billion.
The Future of Renewable Energy and Atlantis
The story of Modulêr and the ASEZ serves as an inspiring testament to the tremendous potential of renewable energy, not just as a driver of job creation and economic growth, but as a fundamental element of a sustainable future. The city’s proactive engagement in facilitating this growth, by actively engaging potential investors and providing tailored support, sets a precedent for a future that is both economically and environmentally sustainable. Atlantis, once famed for its industrial output, is now set to become a shining example of green innovation, forging a path for a new era of sustainable industrial growth.
1. What is Modulêr Electrical Assemblies and how does it contribute to renewable energy?
Modulêr Electrical Assemblies is a small to medium-sized enterprise (SME) located in the Atlantis Special Economic Zone (ASEZ) that specializes in manufacturing electrical panel components. Its products play a pivotal role in our shift towards renewable energy as they are used in solar parks, wind farms, and data centers.
2. How does Modulêr’s growth story reflect the rise of the green economy?
Modulêr’s growth story is a reflection of the booming green economy as the renewable energy market experiences a notable boom. Its swift development and recent unveiling of its new 4,000 m² facility demonstrate the potential of renewable energy as a driver of job creation and economic growth.
3. What is ASEZ and how does it foster business growth in renewable energy?
The Atlantis Special Economic Zone (ASEZ) is an SEZ created to encourage growth in the renewable energy and agribusiness value chains. It provides an ideal environment for business growth with various development programs in place to promote economic development, including ecosystem support from all three government levels and robust and resilient green infrastructure.
4. What initiatives are in place for economic growth and development in Atlantis?
Various development programs are in place aimed at providing small businesses and subcontractors with the necessary skills and experience to compete for potential contracts. The Atlantis Special Economic Zone for green technology has been notably successful, drawing in investments exceeding R800 million and creating hundreds of jobs. The forecasted private-sector investment over the coming five years could reach an impressive R3 billion.
5. What role does investment in energy transition technologies play in job creation?
Investing in energy transition technologies results in triple the number of jobs produced by fossil fuels for every US$1 million invested, as noted by Alderman Vos and echoed by a report from the UN-backed Sustainable Energy organization. This trend presents an enormous opportunity for economic expansion and job creation in South Africa and globally.
6. What does the future hold for renewable energy and Atlantis?
The story of Modulêr and the ASEZ serves as an inspiring testament to the tremendous potential of renewable energy as a driver of job creation and economic growth, and as a fundamental element of a sustainable future. The city’s proactive engagement in facilitating this growth sets a precedent for a future that is both economically and environmentally sustainable. Atlantis, once famed for its industrial output, is now set to become a shining example of green innovation, forging a path for a new era of sustainable industrial growth.
