Reykjavik Geothermal has announced at the World Future Energy Summit that it has entered into a partnership with Ambata Capital Partners. The partnership will help the company explore, develop, and operate utility scale geothermal power generation with a focus on emerging markets. The company also announced that it intends to establish its headquarters in Masdar City. It currently operates in Iceland, India, Kenya, Nicaragua, Russia, Rwanda, and the United Arab Emeriates.
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Reykjavík Geothermal was founded in 2008 by one of the World’s top geothermal energy management teams, to take advantage of the vast untapped investment and development opportunities in the sector worldwide. With a track record that includes leading the development of the world's largest geothermal power plant on time and on budget, unparalleled networks and an emerging market focused resource strategy, the RG team is uniquely positioned to become a leading company in this rapidly growing sector. In addition to pioneering the first geothermal developments in the Arabian Gulf and in India, RG will develop utility-scale geothermal power plants centered around the world’s best geothermal resources.
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