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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
South Africa : € 40,000,000
Industry : € 40,000,000
Signature date(s)
10/12/2008 : € 40,000,000
Link to source

Summary sheet

Release date
2 August 2007
Status
Reference
Signed | 10/12/2008
20060500
Project name
Promoter - financial intermediary
PV-Modules Manufacturing Facility

Thin Film Solar Technologies SA (Pty) Ltd.
Mr Johan Buys Project Manager
Telephone (landline): +27 21 863 0623

Telephone (mobile): +27 83 769 7960

e-mail: johan.buys@gmail.com

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million.
EUR 80 million.
Location
Sector(s)
Description
Objectives

Establishment of a start-up photovoltaic (PV) modules manufacturing facility, consisting of a production line with an annual capacity of 30 MWp.

The project is expected to foster the international competitiveness in the global PV-industry and to contribute to decreasing the cost of PV-generated electricity down to market price parity over time. It indirectly contributes to the EU policies in the development of renewable energy technologies, sustainable energy production and climate change mitigation.

Environmental aspects
Procurement

Production of semiconductors, which includes photovoltaic cells, is not listed in the EIA Directive 97/11. In South Africa, for all industrial projects, a base EIA needs to be prepared and presented to the concerned Environmental Ministry of the Province. The Ministry then decides if a full EIA is required or if supplementary information to the base EIA will be sufficient. The promoter has engaged a specialised environmental consultancy company to prepare the EIA for the project.

Procurement will be in accordance with the Bank’s Guide to Procurement.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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