Big bucks from the sun, THENEWAGE.CO.ZA

Thenewage.co.za – The New AgE

Black Lite Energy, a small black owned firm, has launched a daring R2bn venture into renewable energy in a project that sets out to deliver a major solar panel manufacturing facility in the Eastern Cape.

Backed by well known black economic empowerment (BEE) consultant, Ajay Lalu, Black Lite Energy has teamed up with a German solar technology specialist Manz AG to explore establishment of a CIGS thin film solar plant in East London. The two are conducting a feasibility study to establish the facility in East London. The project is also backed by the National Empowerment Fund (NEF) and the Industrial Development Corporation (IDC) and is expected to create in excess of 1000 jobs.

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