Are the PV panels expensive to manufacture?

This depends on method of manufacturing; mono crystalline is more expensive than poly crystalline. During the recent years (5 to 10) the cost of panel manufacturing in South Africa has reduced dramatically and given the decrease in costs, PV panel installations are almost at grid parity to the rest of world.

Majority shareholder, Globeleq is jointly managing the construction of De Aar Solar Power and will play a key role as the management company during operations.