Iceland exporting geothermal expertise
Oct 20, 2010 - UPI
Iceland's economy, on the rocks since the bank collapse
of 2008, has one bright spot, experts say -- the
country is making money off of geothermal energy.
It's doing so by selling its expertise in the field
around the world, talking with countries including
China and India about contracts for projects to tap
geothermal energy, and is looking at countries in
Africa and Latin America, Inter Press Service reported.
Katrin Juliusdottir, Iceland's minister for industry,
hosted Indian Energy Minister Dr. Farooq Abdullah
in September to discuss cooperation between the two
countries in geothermal energy.
At the World Economic Forum in Tianjin, President
Olafur Ragnar Grimsson talked geothermal energy projects
with Chinese Prime Minister Wen Jiabao, and the two
signed an agreement on digging for geothermal energy
in Inner Mongolia.
The state-owned Iceland GeoSurvey or ISOR has extensive
experience with the technology. Established in 1945
as part of the country's National Energy Authority,
it has worked on geothermal projects in more than
"In Kenya, Uganda and Djibouti, ISOR has carried
out geothermal exploration and related activities,
while it has also carried out well testing in Germany,
numerical modeling in China and capacity building
within the governmental sector in Nicaragua," ISOR
spokesperson Brynja Jonsdottir says.
A number of Icelandic geothermal energy companies
are in discussion with countries including the Philippines,
Indonesia, Croatia and others, Inter Press Service