Middle East
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Project Updates
Icelanders Spread Use of Geothermal Energy
Faced with a dearth of projects, Icelandic engineering companies have increasingly been looking overseas for work. They are being supported by the government and even by the President directly, to win projects for tapping geothermal energy abroad. Katrin Juliusdottir,...
Ambata Capital Partners to Develop Large Geothermal Projects
Geothermal developer Reykjavik Geothermal has entered into a partnership with Ambata Capital Partners, a renewable energy-focused private equity firm founded by investment banker Michael Philipp, the former head of Credit Suisse for Europe, Africa and the Middle East....
Reykjavik Geothermal announces strategic investment by Ambata
Reykjavik Geothermal also announced the intention to establish a headquarters in Masdar City. The company is currently active in Iceland, India, Kenya, Nicaragua, Russia, Rwanda and the United Arab Emirates. Mr. Gudmundur Thoroddsson, Founder and CEO of Reykjavik...
Details Trickle On Ambata Capital Partners Geothermal Play
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...
