ILB HELIOS Spain—and IDC have entered into a joint development partnership to develop a 120MW automated photovoltaic manufacturing factory
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The Industrial Development Corporation ("IDC") has entered into a joint development partnership with ILB HELIOS Spain ("ILB") to manufacture photovoltaic modules in a fully automated factory in East London Industrial Development Zone ("ELIDZ"), South Africa.

On full capacity, the factory will be capable to manufacture 120MW PV modules per annum that will have at least 40% local content. The operation of the factory will be the responsibility of ILB; a Spanish technology leader with vast experience along the value chain of PV technology. The ownership of the factory will comply with the BBBEE codes and it is anticipated that the first module will be manufactured towards the end of fourth quarter of 2013.

IDC believes that the factory will deliver high quality PV modules to supply local REIPP program demand and export market.