Iceland

Iceland: Geothermal Energy Has Saved Massive Amount of CO2 Emissions

December 5, 2015

The national energy agency of Iceland, Orkustofnun, has evaluated CO2 savings by using geothermal instead of oil from 1914 through 2014. The accumulated savings are 140 million tons by utilizing geothermal instead of using oil for heating and production of electricity; last year the annual savings amounted to 7.5 million tons of CO2, 57% for […]

Iceland Drilling Co awarded geothermal contract in Nicaragua

September 14, 2015

Iceland Drilling Co. has been awarded a contract to drill two new production wells at the San Jacinto-Tizate Geothermal site in Nicaragua. The wells will have a production capacity of 72 MW. Addtionally, Iceland Driling Co. will work to improve four existing injection wells. The project award was given by Polaris Energy Nicaragua SA (PENSA). […]