Renewable energy outfit in talks with CDC on manufacturing move.
A European renewable energy company has set its sights on relocating to Nelson Mandela Bay, promising a deal which would not only boost the metro’s economy by more than R100-million, but also create about 50 jobs.
NeOn Energy, based in Italy, manufactures solar modules which produce solar power and heat water.
News about the multimillion-rand investment comes at a time when South Africa is battling with Eskom’s unstable and unreliable electricity supply.
It also brings some relief to the Bay’s battered economy which saw hundreds of jobs shed and businesses closed last year.
NeOn Energy is in talks with the Coega Development Corporation (CDC) to set up shop in the industrial development zone (IDZ) by May.
The company’s chief executive, Maphepane Baiocco, said the factory in Italy would be shut down once the company was up and running in the Bay.
– Rochelle de Kock
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