Areas of Expertise
Harvard University, BA Magna Cum Laude in Government, 1968
Bob Hart is retired and lives in a house he recently designed and built in Ponte Vedra Beach, Florida.
He retired in 2007 from a thirty-year energy career which began in the coal fields of West Virginia and has extended to the electric power industries of more than 30 countries throughout Eastern Europe, Africa, Asia, and Latin America. Hart has led the development, acquisition, management and operation of investments in 57 power projects, with total generating capacity of more than 16,000 megawatts and total capital cost of more than $15 billion.
He was the CEO and Founding Partner of Globeleq, an operating power company solely focused on the emerging markets in Africa, Asia, and Latin America. Globeleq was officially launched in 2002 when the UK’s CDC Group contributed both equity capital and its portfolio of power assets to the new enterprise. Globeleq sold most of its assets in 2007, generating more than $1 billion in capital gains to its shareholders.
Prior to becoming Globeleq’s first CEO, he founded Hart Energy International, an international power company that invested in Latin America. From 1994 to 1999, Hart was President and CEO of Coastal Power Company where he oversaw a ten-fold increase in earnings, most of which resulted from investments in emerging markets.
His first energy company was Inverness Coal Company, an operating coal company with three deep mines in Mingo County, West Virginia, which he founded in 1975 and managed until its sale in 1981. Hart founded US Energy Corporation in 1982 to develop independent power plants in the United States, beginning with a wood-fired plant in Fort Fairfield, Maine. From 1989 until 1993, he led the efforts of US Energy Partners in Eastern Europe, focusing primarily on the combined heat and power plants serving Cracow, Poland.
Prior to embarking on his work in energy, Hart developed residential real estate, including several thousand units of low and moderate income multifamily housing. He completed most of the course work required for a Masters in Architecture from Catholic University, then used that training to design and build high-end single family residences in the Washington, DC area.
He is a member of the Council on Foreign Relations and of the World Affairs Council of Jacksonville, Florida. He is on the board of the Woodstock Theological Center at Georgetown University, and is Chairman of its Arrupe Advisory Board. He is also on the Board of the Walkabout Foundation in New York City. He is on the Investment Advisory Committee of REAL Infrastructure Capital Partners LLC, a renewable energy investment fund for Central America and Andean South America.