The main goal of the workshop was to create a uniform policy towards geothermal utilization in terms of attracting direct foreign investment. RG was invited to contribute the company’s experience and ideas to create geothermal operations from a private sector developer’s perspective. Among the participants were institutions such the World Bank, IFC, KfW, ADB and others. The workshop proved to be constructive and effective, and resulted in a common recommendation for how to accelerate geothermal Resource development in Eastern Africa countries: the “Kigali Recommendation on the Way Forward”.

Bolaalda Project Prioritized for Development
June 2024 marked a major milestone for Reykjavík Geothermal in the development of the 100 MWe / 133 MWth Bolaalda project, as the project was prioritized for utilization under Iceland’s Master Plan for Nature Protection and Energy Utilization (the “Energy Master Plan”...