OUR PROJECTS
At Reykjavík Geothermal, we focus on advancing geothermal energy initiatives in regions with significant resource potential and the capacity to support sustainable development. Our global project pipeline spans countries that offer the right conditions to drive impactful and reliable geothermal energy initiatives. From Europe to the Americas, Africa to the Middle East, our work is transforming energy landscapes with clean, dependable power.
Iceland
Iceland is a global leader in geothermal energy and Reykjavík Geothermal’s home base. In the Ölfus municipality, just outside of Reykjavík, we are developing geothermal projects that deliver both electricity and thermal energy, enhancing opportunities for green industry growth. Our project developments are designed to deliver significant social and economic benefits while minimising negative environmental impact.
Explore Our Iceland Projects
Canary Islands, Spain
Reykjavík Geothermal in partnership with DISA is developing the first geothermal power projects in the Canary Islands. The projects aim to address the urgent energy challenges faced by the Canary Islands, where most electricity is currently generated from imported fossil fuels, entailing high cost and significant carbon emissions.
The successful implementation of these geothermal projects could serve as a long-term solution for cleaner and more reliable energy in the region.
Explore Our Canary Islands Projects
The Middle East
The Middle East is an emerging hub for geothermal energy development, and Reykjavík Geothermal is proud to be at the forefront of this transformation. From district cooling systems to large-scale geothermal developments, we are pioneering innovative solutions tailored to the region’s unique needs.
Explore Our Middle East Projects
Our Global Impact
Across all regions, Reykjavík Geothermal’s projects reflect a commitment to cleaner energy, sustainable development, and local collaboration. By leveraging geothermal energy, we aim to:
Support Energy Transition
Reduce dependence on fossil fuels and promote renewable alternatives
Empower Communities
Create jobs and drive economic growth in project regions
Combat Climate Change
Provide low emission solutions with minimal environmental impact that align with global energy goals
Our Latest Project News
Alterra Power Sells 25% of Icelandic HS Orka to Pension Funds
Following a thorough due diligence, 14 pension funds, which in recent months have examined the possible purchase of a stake in HS Energy, have decided to enter into an agreement with Magma Energy Sweden AB
African Development Bank visits Reykjavik Geothermal in Iceland
Representatives of the African Development Bank (AfDB) and utility companies from Djibouti, Ethiopia, Kenya, Rwanda, and Uganda attended a seminar in Reykjavik January 13–16 to support the development of clean energy along East Africa´s Rift Valley. The seminar was...
Regional Geothermal Training Workshop on Policy Development and Harmonization
The main goal of the workshop was to create a uniform policy towards geothermal utilization in terms of attracting direct foreign investment. RG was invited to contribute the company’s experience and ideas to create geothermal operations from a private sector...
Thermax and Reykjavik Geothermal teaming up on Puga development in India
Reported from India, “Thermax, a Pune-based capital goods manufacturer, is set to partner Icelandic firm Reykjavík Geothermal to set up a geothermal power project in India. A pilot 3 MW project is slated to be set up in Puga Valley in Ladakh, which is likely to be...
Icelanders Spread Use of Geothermal Energy
aced 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.
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.