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
Reykjavík Geothermal expands leadership team
Reykjavík Geothermal (RG) has appointed Auðbjörg Ólafsdóttir as Director of Communications and Marketing and Hermann Baldursson as Chief Financial Officer. The appointments support the company’s continued growth and expansion as it advances geothermal development...
