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
Bloomberg – Reykjavik Geothermal Agrees to Build 1,000 Megawatts in Ethiopia
Reykjavik Geothermal, the Icelandic company that’s helped build power plants in more than 30 countries, agreed to develop as much as 1,000 megawatts of projects in Ethiopia over the next 10 years.
RUV – Gerðu 500 milljarða samning í Eþíópíu
stjórnvöld í Eþíópíu um að byggja upp og reka allt að þúsund megawatta jarðvarmaorkuver. Fjárfestingin nemur fjórum milljörðum dollara nánast 500 milljörðum króna.
Iceland is key partner in extensive development project on geothermal energy
othermal energy in developing countries, and Iceland will effectively become the Bank's key partner in this field.
Development Work in Ethiopia
In Corbetti, Southern Ethiopia, RG has for the last year prepared the development of one of the world’s largest geothermal resources. This massive resource is among the world’s largest geothermal sites. RG has acquired geothermal exploration licenses covering an area of more than 6,500 km2.
Kofi Annan studies Icelandic Geothermal development
Mr. Kofi Annan, the former Secretary-General of the UN and co-recipient of the 2001 Nobel Peace Prize, recently visited Iceland. Mr. Kofi Annan was particularly interested in learning about Icelandic geothermal utilization, thus he toured the Hellisheidi Power Plant with the President of Iceland, Mr. Ólafur Ragnar Grímsson.
ENB has potential in geothermal energy
A ten-day geothermal exploration in Rabaul, East New Britain by experts from Iceland, has confirmed that the province, which is famous for its active volcanoes, does have a lot of potential in developing geothermal energy as a renewable, reusable power source.