Jul 1, 2024
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”...
Dec 15, 2023
Reykjavík Geothermal and DISA have achieved a significant milestone in their joint effort to bring geothermal energy to the Canary Islands, securing up to €58 million in grants awarded by the Spanish government’s Institute of Energy Diversification and Saving...
Aug 10, 2023
Reykjavík Geothermal, in partnership with DISA, has secured licenses to develop geothermal power projects in Tenerife, a significant milestone in the region’s shift towards renewable energy. Formed in 2023, this strategic partnership aims to bring geothermal energy to...
Aug 1, 2020
On the 20th of August 2020 a town council meeting was held where the Öfus municipality in Iceland approved Reykjavík Geothermal’s plans to carry out reconnaissance/exploration surface study of the wider Bolaalda area. Furthermore, the town council of Ölfus...
Apr 5, 2020
Early February 2020, the Bolaalda project was approved by the Icelandic National Energy Authority (Orkustofnun) and sent to the steering committee of the National Plan for Land Protection and Energy Development (verndar- og orkunýtingaráætlun, rammaáæltun) –...
Mar 1, 2020
Reykjavík Geothermal’s team of geoscientists carried out MT (magnetotelluric) measurements of the Bolaalda area in Ölfus, Iceland, in late 2020. Tentative findings indicate a high temperature reservoir in Bolaalda that is located deeper than in the adjacent...
