Iceland is key partner in extensive development project on geothermal energy

by | Nov 12, 2012 | Company News

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.

Written by Reykjavik Geothermal

More From This Category

Abaya Geothermal Project qualified for Drilling Grant from GRMF

Green by Iceland

The Iceland Renewable Energy Cluster is a partner of Green by Iceland.  Green by Iceland is a platform for cooperation on climate issues and green solutions. The role of Green by Iceland is to fight climate change locally and globally and to...