He wrote that Ambata Capital, founded by former Credit Suisse investment banker Michael Philipp, is taking “a significant” minority stake in geothermal developer Reykjavik Geothermal, declining to provide more details on the ownership stake or how much money it is forking out for that equity position.
Reykjavik Geothermal and Ambata Capital say they plan to jointly develop and operate utility scale geothermal power generation in emerging markets in the Middle East and Africa.
Source: greenenergyreporter.com
Iceland to lead geothermal projects in Tenerife – drilling to begin this autumn
Reykjavík Geothermal co-leads sustainable initiative in the Canary Islands For the first time in Tenerife’s history, geothermal drilling for energy production will commence this autumn. The project is a joint effort by Reykjavík Geothermal, the Canary Island’s...
