South Africa to host Green Economy Summit

CAPE TOWN - Africa’s Green Economy Summit is set to take place in Cape Town -South Africa as from February 22 to February 25, 2023.

Western Cape Premier Alan Winde while speaking to the media did mention that there is huge potential in the Western Cape’s green
economy.

 “The economy is bristling with an opportunity even in the face of the enormity of the energy crisis,” said Winde. “While relentless load
shedding is causing considerable harm to our economy, the Western Cape Government is taking decisive action to counter the impact.”

He added that “Our province’s burgeoning renewable energy sector is being enabled by the Western Cape Government to find and jump on the opportunities to harness innovation in the green economy. We stand ready to confront this crisis head-on and to
continue creating hope and optimism in our province.”

Over 80 speakers lined up over the 4-day summit, Africa’s Green Economy Summit will bring together financiers, project developers,
and government representatives, highlighting investment prospects that exist across the continent in the fields of green hydrogen, EVs,
energy storage, solar, hydro, and wind energy, infrastructure development, urban sustainability as well as manufacturing.

Cape Town is home to a thriving green economy, Cape Town’s Executive Mayor Geordin Hill-Lewis says the city is looking forward to welcoming the summit delegates and is ready to assist in creating opportunities to invest in this innovative space.

“We are positioning Cape Town as a leading city for energy security, not only in our country but in Africa. We are the first metro to pay
cash for power directly from residents and businesses with approved solar PV installations. We are also buying power on the open market via a major 3-phase procurement. This includes renewables, dispatchable on-demand energy, battery storage, and an incentives program for voluntary energy savings through remote switching-off of appliances.”

“We look forward to welcoming Africa and the world to this important summit—rest assured the City of Cape Town is ready to talk
the business about the green economy.”

The summit will also feature daily project pitches, by start-ups and developers in the e-mobility, infrastructure, manufacturing and
renewable energy sectors in an interactive setting where they can meet industry leaders, policymakers, investors, and financiers.

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