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
Think Geoenergy – Mexxus RG consortium wins 1st geothermal permit for private enterprise in Mexico
MexxusRG, a Mexican company specialized in geothermal development, obtains the first exploration permit endorsed by SENER (Energy Commission) awarded to a private company. MexxusRG is a joint venture formed by Mexxus Drilling International (Mexxus), a Mexican based drilling company, and Reykjavik Geothermal (RG), an Icelandic based geothermal power Development Company. Both companies have been working together for several years in the state of Nayarit near the Ceboruco volcano completing scientific studies and feasibility work.
AJEBNEW – Electric Power, Corbetti Geothermal Company Sign Power Purchase Agreement
Addis Ababa July 27/2015 Ethiopian Electric Power and the Corbetti Geothermal Company have signed a Power Purchase Agreement for the first 500 megawatts.
Ms Yulia Tymoshenko visits Reykjavik Geothermal
Ukrainian politician and businesswoman, Ms Yulia Tymoshenko, visited Reykjavik Geothermal headquarters in Iceland today, 16 June, 2015. Ms Tymoshenko was the first woman to be appointed Prime Minister in Ukraine. She and RG CEO Gudmundur Thoroddsson discussed geothermal potential in Ukraine, business development opportunities and potential future cooperation.
Ambata and RG enter into a partnership
The date is 18 January 2010. Michael Philipp CEO of Ambata and Gudmundur Thoroddsson CEO of Reykjavik Geothermal sign an agreement where Reykjavik Geothermal and Ambata Capital Partners enter into a strategic partnership to explore, develop and operate utility scale geothermal power generation focusing on emerging markets.
St. Vincent & the Grenadines – Signing of Design Contract
On 28 May, 2015, Emera and RG signed a contract with the Icelandic engineering companies Mannvit - Verkis regarding engineering services for the geothermal development project in St. Vincent and the Grenadines in the Caribbean. On the picture taken at RG...
Bloomberg – Egypt, Sudan Edge Toward Cooperation on Ethiopia’s Nile Dam
Egypt and Sudan took another step toward cooperating with Ethiopia on the hydro-power dam it’s building on the Blue Nile river after the three nations’ leaders signed an accord on Monday.