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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY
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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

African Development Fund secures record $11bn replenishment as Africa steps up as co-investor

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The African Development Fund (ADF) has mobilised a record $11-billion under its 17th replenishment, marking a significant shift in Africa’s development financing model toward greater regional ownership and investment-led growth. Announced in London this week, the ADF-17 outcome represents a 23% increase on the previous replenishment, achieved despite tightening global fiscal conditions and declining international aid budgets. The fund is the concessional financing arm of the African Development Bank Group and supports low-income and fragile states across the continent.

ENGIE expects to start construction of 240 MW Corona PV project in late 2026

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International energy company ENGIE reports that construction of its 240 MW Corona solar PV project in the Free State should begin in the fourth quarter of 2026, after the project was named as a preferred bidder by the South African government. Electricity and Energy Minister Dr Kgosientsho Ramokgopa confirmed on December 15 that the Carona project, together with three other solar PV projects, had progressed to preferred bidder status under Bid Window Seven of the Renewable Energy Independent Power Producer Procurement Programme.

EU to strengthen carbon levy on high-emission imports

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The European Union will expand its carbon border levy - a fee charged on imports of high-emission goods - to cover car parts and washing machines, under European Commission proposals published on Wednesday. The plans would also tighten loopholes that the Commission worries could allow foreign firms to dodge the fee, which is currently in a pilot phase and will start imposing costs from January.

South African inflation slows slightly in November

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South Africa's headline consumer inflation slowed to 3.5% year on year in November from 3.6% in October, data from the statistics agency showed on Wednesday. In month-on-month terms the Consumer Price Index decreased 0.1% in November, compared to an increase of 0.1% in October.

Global solar additions to fall for first time in 2026, says BNEF

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Solar installations are set to drop next year for the first time since the industry emerged as a global force two decades ago, as policy shifts and saturation in major markets temper demand. The world is set to add 649 gigawatts of solar power capacity in 2026, down slightly from 2025, BNEF’s Global PV Market Outlook showed.
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