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
Signing of Grant Agreement with GRMF
Today 30 November 2015 Reykjavik Geothermal signed grant agreement with the Geothermal Risk Mitigation Facility (GRMF) for the Tulu Moye Geothermal Development Project in Ethiopia and first disbursement request was handed in.
Geothermal Risk Mitigation Facility for Eastern Africa (GRMF)
The Facility aims to increase production of clean and reliable energy to supply power grids in Eastern Africa by attracting public and private developers and to mobilise finance for the construction of geothermal power plants. The Facility provides grants to co-finance surface studies and exploration drilling programmes for public and private developers.
Reykjavik Geothermal CEO invited by The Economist to speak at The Ethiopia Summit
Reykjavik Geothermal CEO, Mr Gudmundur Thoroddsson, was invited to speak at The Ethiopia Summit held by the Economist on "Driving continued growth" in Addis Ababa 28-29 October, 2015.
Reykjavik Geothermal CEO attends the UN Climate Week in NYC
RG Chief Executive Officer Mr Gudmundur Thoroddsson attended and represented the company at the United Nations seventh Climate Week held 21-28 September 2015 in New York City. The Climate Week NYC brings together influential global figures and new voices from the worlds of business, government and society who are leading the low carbon transition. The Climate Week has become the home to events, activities and high-profile meetings across NYC.
Reykjavik Geothermal sponsors Arctic Circle Assembly 2015
Reykjavik Geothermal was one of the sponsors of the Arctic Circle Assembly held in Reykjavik, 15-18 October, 2015. The Arctic Circle is designed to increase participation in Arctic dialogue and strengthen the international focus on the future of the Arctic.
RG Head of Project Development meets Ms Marie-Ségolène Royal
Mr Thorleifur Finnsson, the French speaking Managing Director and Head of Project Development at Reykjavik Geothermal, was invited to introduce Reykjavik Geothermal to the French Minister for Ecology, Sustainable Development and Energy, Ms Marie-Ségolène Royal on 28 July 2015. Ms Royal visited Iceland in an official capacity at the invitation of the Minister for Foreign Affairs of Iceland and the Minister for Industry. During her visit Ms. Royal also met with the Icelandic President Mr Olafur Ragnar Grimsson.