Iceland Heats Up the Canaries: Reykjavík Geothermal to Ignite Tenerife’s First Geothermal Drilling This Autumn

In a bold and historic leap towards clean energy, Tenerife is gearing up for its first-ever geothermal drilling for energy production, thanks to a visionary collaboration led by Reykjavík Geothermal (RG) of Iceland and local energy giant DISA.

By: Robert Buluma

The project marks a seismic shift in how the Canary Islands approach renewable energy quite literally.

As the autumn breeze begins to roll in over the volcanic landscapes of Tenerife, drilling rigs will roar to life, signaling the dawn of a geothermal revolution in the region. This isn’t just another renewable energy project it’s the birth of an entirely new energy frontier, and Iceland is right at the helm.

🌍 A Northern Powerhouse in a Southern Paradise

Renowned for harnessing its own geothermal resources with unmatched expertise, Iceland has long been the benchmark for clean, sustainable energy. Now, Reykjavík Geothermal is exporting that excellence to the Canary Islands through a trailblazing partnership with DISA, unlocking the Earth’s heat beneath Tenerife’s volcanic crust.

This initiative is more than just a technical feat it’s a symbol of cross-border cooperation to combat climate change and bring energy independence to island economies.

💰 Backed by Big Green Bucks

This geothermal vision is not just hot air. In December 2023, Reykjavík Geothermal and DISA secured a whopping €58 million grant from Spain’s Institute of Energy Diversification and Saving (IDAE). This injection of funds serves as a powerful vote of confidence in the project’s viability and urgency.

The financing supports advanced exploration and drilling, ensuring that Tenerife’s move into geothermal energy is not only pioneering but also sustainable, reliable, and economically sound.

🛠️ From Licensing to Launch Pads

The journey began in August 2023, when RG and DISA successfully acquired the critical licenses needed to proceed with geothermal exploration on the island. This regulatory green light marked a pivotal moment, allowing technical teams to begin site assessments, mobilize equipment, and design what could be the Canary Islands' first geothermal power stations.

This upcoming autumn marks the transition from paperwork to progress. Drills will descend, data will surface, and Tenerife's underground thermal power will finally be tapped.

🔥 Bolaalda Project: Iceland’s Energy Masterpiece

Meanwhile, back in Iceland, RG is making waves with its 100 MWe / 133 MWth Bolaalda Project, which was prioritized under the country’s Energy Master Plan in June 2024. This project reinforces RG’s standing as a major player in the global geothermal scene. With Iceland and the Canary Islands as dual showcases, RG is poised to reshape the global conversation around geothermal energy.

🌋 A Volcanic Alliance for the Future

Reykjavík Geothermal’s foray into Tenerife is not only a technical endeavor it’s a statement of intent. It demonstrates that even remote island regions can harness the fiery forces beneath their feet to fuel a cleaner, greener future. With Iceland’s expertise and Tenerife’s untapped geothermal potential, the partnership could set a new standard for other volcanic regions across the globe.

As the countdown to drilling begins, the world watches in anticipation. Because when Iceland and Tenerife join forces under the banner of sustainability, the results are bound to be explosively transformative.

📌 Stay tuned as Alphaxioms continues to spotlight groundbreaking geothermal innovations reshaping our planet’s energy landscape. Be sure to follow us for more updates on this fiery collaboration between the North and the South.

source: Reykjavic Energy

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