News Updates

Read our latest news featuring industry leading articles and company news.

Hadassah Hart Energy Joins Zambia’s Preparations for Mission 300

14th January, 2025

Zambia is stepping into the spotlight of Africa’s renewable energy landscape, as Hadassah Hart Energy announces its participation in the nation’s preparations for the World Bank Group and African Development Bank’s Mission 300 initiative. This follows an invitation from Zambia’s Ministers of Finance and Energy, a move that underscores the country’s commitment to advancing energy access and sustainability.

Zambia, as part of its contribution to this landmark initiative, has identified a list of priority energy projects to showcase at the summit. Among them is a bankable, investment-ready solar PV project developed by Hadassah Hart Energy, which has been selected for its potential to drive sustainable energy solutions in the region.

At the heart of this effort is the upcoming African Heads of State Energy Summit, set to take place in Dar es Salaam, Tanzania, on 27-28 January 2025. Organized by the Government of Tanzania, in collaboration with the African Union, the World Bank Group, and the African Development Bank.

In a statement, Hadassah Hart Energy CEO said, “We are delighted to be part of this monumental effort. The selection of our Solar PV project as a priority energy initiative for Zambia underscores our commitment to delivering impactful, sustainable solutions that align with the goals of Mission 300 and Zambia’s national energy strategy.”

PE-Backed Zanaco Focusing on Funding Solar Projects, CEO Says

2nd January, 2025
Zambia has to import fuel to cover its electricity deficit, which is stoking local inflation, Zanaco CEO Mukwandi Chibesakunda tells Bloomberg’s Jennifer Zabasajja. In turn the company is funding solar initiatives across the country. (Source: Bloomberg)

Gates, Bezos-backed KoBold Metals raises $537 million in race for critical minerals

2nd January, 2025

KoBold Metals has raised $537 million in its latest funding round as it seeks to become a key player in the race for critical minerals needed for the energy transition.

Backed by investors such as Microsoft’s Bill Gates and Amazon’s Jeff Bezos, the company said its Series C funding round valued KoBold at $2.96 billion. (Source: Mining.com)