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Atlantis set to become green technology hub

The project is being spear-headed by green economist group GreenCape.

Green technology. Picture: freeimages.com

CAPE TOWN - Atlantis has been earmarked by government and other groups for the manufacturing of components used in generating renewable energy sources.

The City of Cape Town says the area will "hopefully soon" be declared as a green technology special economic zone by the trade and industry department, which could further boost the area's development.

The project is being spear-headed by green economist group GreenCape.

The group's Mike Mulcahy says the proposed power projects could see an additional R1 billion in direct investment.

"It was the most appropriate site possible for manufacturing abnormal components, and that the City of Cape Town owns a bunch of the land… The City was very willing to make the land available to an accelerated land disposal process, to support green technology in Atlantis."