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
The Reporter: Company Embarks on USD 2 bln Geothermal Project
Tullu Moye Geothermal Operations Private Limited Company has embarked on the development a 520 MW geothermal project in the Oromia Regional State with an outlay of two billion dollars.
GRMF for Eastern Africa: AUC Signing GRMF Grant Agreement with Reykjavik Geothermal in Ethiopia
On 10 April 2018, the AUC signed another GRMF Grant Contract for the Abaya surface study project of Reykjavik Geothermal in Ethiopia. The agreement was signed by the AUC Commissioner for Infrastructure and Energy, H.E. Dr Amani Abou-Zeid, and the Country Manager for Ethiopia, Mr. Jón Örn Jónsson, in the AUC HQ in Addis Ababa, Ethiopia on 10 April 2018. The Director for the Infrastructure & Energy Department, and Chairperson of the GRMF Oversight Committee, Mr. Cheikh Bedda, as well as the Head of the Energy Division, and GRMF Project Manager, Mr. Rashid Ali Abdallah, congratulated Mr. Jón Örn Jónsson in person for this achievement.
Press Release: The Government of Ethiopia signs Agreements on 500 Megawatt Project in Tulu Moye
The Government of Ethiopia, Ethiopian Electric Power and Tulu Moye Geothermal, a joint venture between Meridiam and Reykjavik Geothermal (RG) finalized the contracts for the 520 megawatt geothermal power project in Tulu Moye, today. The project is part of a historic agreement, along with the Corbetti Geothermal project, to build 1000 megawatts of geothermal power in Ethiopia.
PRESS RELEASE: Reykjavik Geothermal – Addis Ababa, December 19th 2017
Reykjavik Geothermal (RG) is pleased to announce the signing of final project documentation for the two landmark geothermal power projects in Ethiopia, Tulu Moye and Corbetti.
UNECA – Green approach to closing Africa’s huge infrastructure gap has immense benefits
Addis Ababa, 23 October 2017 (ECA) - Following a green approach to closing Africa’s huge infrastructure gap can create public and private value with co-benefits across a diverse range of stakeholders and goals, says Linus Mofor, Senior Environmental Affairs Officer for Energy, Infrastructure and Climate Change at the ECA’s African Climate Policy Centre (ACPC).
Addis Fortune – Ethiopia: Geothermal Energy Heats Up With Royalty Payment Exemption
The newly approved bill on geothermal resources exempts royalty payments for companies engaged in thermal resource development and exploration in the country. Last week, Parliament, which was dissolved on July, 8, 2016, was summoned for an urgent session and unanimously approved a number of bills, including the "Geothermal Resources Development Proclamation 2016".