Corbetti Geothermal Project: Ethiopia’s Ambitious Plan to Harness Clean Energy for Growth Ethiopia’s Corbetti Geothermal project has taken a significant step forward after signing a contract with the United Kingdom’s Marriott Drilling Group to drill up to four exploration wells near Shashemene in Oromia. The agreement marks the beginning of a new phase for one of Africa’s most closely watched geothermal developments and could help Ethiopia diversify its electricity supply beyond hydropower. The project is being advanced by Taranis Operations Ltd, which recently acquired a majority interest, alongside the Private Infrastructure Development Group (PIDG), which retains an approximately 40% minority stake. PIDG has also committed an additional USD 7.2 million through its project-development arm, InfraCo Africa Business Development Limited. The drilling programme is expected to begin early next year after a rig arrives at the Corbetti site and final preparations are completed. The initial e...
Green Therma and Stadtwerke Wismar Sign Letter of Intent to Advance Geothermal District Heating Study in Germany
Green Therma and Stadtwerke Wismar Sign Letter of Intent to Explore Geothermal District Heating in Germany By : Robert Buluma Wismar, Germany – May 12, 2026 — A new step toward decarbonizing urban heating systems has been set in motion after Green Therma ApS and Stadtwerke Wismar GmbH signed a Letter of Intent to jointly assess the potential for deploying geothermal district heating in Wismar, Germany. The agreement marks an early but strategic move toward integrating advanced closed-loop geothermal technology into one of northern Germany’s established district heating networks, as cities across Europe accelerate efforts to phase out fossil-fuel-based heating systems. Early-Stage Collaboration Targets Clean Heat Transition Under the agreement, both organizations will work together to evaluate whether geothermal energy can be integrated into Wismar’s existing district heating infrastructure. The partnership will begin with a structured pre-feasibility study covering geolog...