Islandsbanki (formerly Glitnir) has been part of some key transactions in the geothermal energy industry, in North America, Europe and Asia. The following case studies provide examples of some of those transactions.

• ThermaSource: Feasibility phase, asset finance of drilling rigs to help this no.1 geothermal drilling company in the U.S.
• Geysir Green Energy: Across all phases of geothermal development. Establishment of the first geothermal energy focused investment company. Involvement in key transactions both on the advisory side and debt financing. Name acquisition of Iceland Drilling, acquisition of first privatised utility in Iceland.
• China Geothermal Heating: Feasibility phase, drilling, political.

Deal Tombstones