Israel to invest $100 million in Zambia's solar-wind energy project

A seven-year negotiation for a $100 million investment in a power station in Zambia has been finally sealed during the visit of Zambian President Hakainde Hichilema to Israel.

The power station is a renewable energy project underway in Zambia. Upon completion, it will be capable of generating 71 megawatts of electricity from both solar and wind energy, giving it the capacity to provide a continuous 24/7 renewable energy supply. The combined plant solves a crucial challenge of solar energy storage, which today mostly relies on high-cost batteries that cause environmental damage. So, the wind picks up as the sun sets, enabling 24/7 power supply.

The project is a result of a combined effort between Israel’s Gigawatt Global and Gigawatt Wind. The company has already completed a grid impact studies, and according to Gigawatt Global president, Yosef Abramowitz, the company will move on-site to start full project implementation. The station is being built in Chibombo, a district in the Central Province of Zambia, about two hours from the nation’s capital.