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Iceland to lead geothermal projects in Tenerife – drilling to begin this autumn

by | May 23, 2025 | Company News, Europe, Middle East & Africa, Project Updates, Spain, Tenerife | 0 Comments

Reykjavík Geothermal co-leads sustainable initiative in the Canary Islands For the first time in Tenerife’s history, geothermal...
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Bolaalda Project Prioritized for Development

by | July 1, 2024 | Bolaalda, Company News, Europe, Iceland, Project Updates | 0 Comments

June 2024 marked a major milestone for Reykjavík Geothermal in the development of the 100 MWe / 133 MWth Bolaalda project, as...
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Update: Tulu Moye Geothermal Project EPC Tender

by | May 13, 2021 | Africa, Ethiopia, Europe, Middle East & Africa, Project Updates, Tulu Moye | 0 Comments

An EPC tender was issued for the Tulu Moye Geothermal Project at the end of November 2020. Technical bids have since then been received from 7 companies to conduct EPC in Tulu Moye.

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St. Vincent – Environmental and Social

by | March 15, 2021 | Project Updates | 0 Comments

The Reykjavik Geothermal drilling project in St. Vincent and the Grenadines was the first of its kind in the country. Therefore, the project was setting many precedents for environmental and social (E&S), and health and safety (H&S) standards.

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Civil Work starts in Corbetti Ethiopia

Civil Work starts in Corbetti Ethiopia

May 27, 2015 | , , , ,

On May 23rd 2015 civil work started in the Corbetti Geothermal Project in Ethiopia. The Corbetti geothermal site is developed by Corbetti Geothermal PLC, a local Ethiopian company, and it is estimated that the total installation will be of 500 MW electric power. The development will be in phases. In Phase 1 there will be drilled 5 geothermal wells and installed 20 MW power plant, in Phase 2 the plant capacity will be expanded to 70 MW, in Phase 3 to 270 MW and in phase 4 to 500 MW.

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Channel NewsAsia – Ethiopia signed a US$4 billion deal Wednesday with American-Icelandic company Reykjavik Geothermal to develop a 1000-megawatt geothermal farm, officials said

Channel NewsAsia – Ethiopia signed a US$4 billion deal Wednesday with American-Icelandic company Reykjavik Geothermal to develop a 1000-megawatt geothermal farm, officials said

Oct 24, 2013 | ,

ADDIS ABABA: Ethiopia signed a US$4 billion deal Wednesday with American-Icelandic company Reykjavik Geothermal to develop a 1000-megawatt geothermal farm, officials said. When completed, the project to provide energy for both local consumption and export will be the...

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USAID – First Power Africa Transaction Moves Forward With Landmark Agreement Between Ethiopian Government and Reykjavik Geothermal

USAID – First Power Africa Transaction Moves Forward With Landmark Agreement Between Ethiopian Government and Reykjavik Geothermal

Oct 3, 2013 | ,

Minister H.E. Dr. Michael Debretsion were both in attendance today to announce the first independent power project in Ethiopia’s history.  The 1000MW Corbetti geothermal plant will be built in two 500MW stages and is expected to be the largest geothermal facility in of Africa, at a cost estimated at $4 billion over an 8-10 year construction period.  Reykjavik Geothermal, a US-Icelandic private developer, will build and operate the power plant, located at Corbetti Caldera, considered a top geothermal resource by the team of Icelandic and Ethiopian geoscientists that have investigated the region.

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