HOST CITY UPDATE: Invest in Cape Town’s Green Economy

Cape Town is a leading African business hub that supports innovation and big ideas. It is a top-ranked destination to visit and has all the attributes that appeal to people looking for a great city in which to live, work, study, play and invest. The city has a thriving knowledge economy and a growing skills market, and is inclusive to all who can contribute to its vision of creating a safe, sustainable, and vibrant urban environment.

The City’s Energy and Economic Growth Directorates are committed to delivering on our Integrated Development Plan (IDP) and aligning with United Nations SDG goals 7 and 8 by obtaining investments, building a secure economy and energy future, and creating a more resilient city. The City is investing in energy security by diversifying its energy sources and facilitating private and public-sector investment into grid-connected energy generation. This initiative is supported by the City of Cape Town’s council-approved ‘Energy Strategy: Our Shared Energy Future: The 2050 Energy Strategy for the City of Cape Town’. The focus is on renewable and dispatchable technologies, with an emphasis on new generation and energy storage. The success of this initiative depends on strong partnerships between the City, private sector, and citizens.

For more information, visit www.capetown.gov.za/energy

Establish in Africa’s Green Economy hub

Cape Town forms part of a region which has become renowned as Africa’s renewable energy and green-tech hub. The city has cultivated a strong presence of leading renewable energy companies and innovations. This has in turn already attracted a number of professional services and financiers to the sector here.

For more information about Cape Town’s attractive investment incentives, visit www.investcapetown.com