Össur Skarphéðinsson, Minister for Foreign Affairs of Iceland, presented today the most extensive development project Iceland has participated in. It includes the development of a Global Geothermal Development Plan under the auspices of the World Bank, which could amount to 500 million USD. The facility will provide finance for geothermal feasibility assessments and test drilling. The collaboration between Iceland and the World Bank is the largest initiative so far for promoting the utilisation of geothermal energy in developing countries, and Iceland will effectively become the Bank’s key partner in this field.
TAQA and Reykjavik Geothermal execute an alliance to explore geothermal opportunities in the Kingdom of Saudi Arabia
Dhahran – KSA, Reykjavík- Iceland, May 17, 2022 TAQA and Reykjavík Geothermal have executed an alliance to explore and identify opportunities for geothermal projects in the Kingdom of Saudi Arabia and possibly other regions. Industrialization and Energy Services...