Strategic Partners


Sinopec is a Chinese State Owned Company and the 2nd. largest company in the world in terms of revenue. It has traditionally been focused on the oil and gas sectors but has been pushing agressively into alternative energy in recent years. Sinopec Group´s subsidiary Sinopec Star Petroleum Co., Ltd. has been designated as a focus company assigned to enforce the Central Government´s geothermal policy by the National Energy Authority of China. Sinopec Star runs a JV company – Sinopec Green Energy Geothermal Deveopment Co., Ltd. – in cooperation with Arctic Green Energy Corporation.


CITIC Kazyna Investment Fund I is a joint venture fund formed by CITIC Group, CITIC Capital Holdings Ltd, and Kazyna Capital Management JSC (a subsidiary of Kazakhstan’s sovereign wealth fund). Fund I focuses on growth capital projects spanning energy, natural resources, logistics, food processing, specialty manufacturing, and infrastructure, with a geographic focus on China, Kazakhstan, and the overall CIS region.


Iceland GeoSurvey is a self-financing, state-owned, non-profit institution. It is based on six decades of continuous experience in the field of geothermal and hydropower research and development. During this period Iceland GeoSurvey have provided consulting, training, and scientific services to the Icelandic power industry and the Icelandic government, and to numerous foreign companies and governments all over the world.


VERKIS is an Icelandic engineering company that works on a wide range of project around the globe. It serves as Arctic Green Energy´s chief technical consultant. The company has participated in the design of most power plants built in Iceland since the mid-20th century and is the chief designer of such plants in the country, both geothermal power stations and hydropower plants. Verkís also works on other eco- friendly energy production, including wind power, tidal energy, and the exploitation of waste heat in binary-cycle power plants.


Mannvit provides a wide range of technical services in the field of energy, industry and infrastructure. The company is dedicated to the development of renewable energy, energy efficiency and power transmission. Mannvit has played a leading role in harnessing these energy resources in Iceland. The company has over 50 years of experience in geothermal energy, hydroelectric power, geothermal district heating, transmission and numerous other projects in-line with the company‘s commitment to renewable energy. The company provides services for geothermal, hydropower and transmission projects in markets such as Europe, North and South America, Eastern Africa and Asia. Mannvit played a leading role in the development of Arctic Green Energy’s Biliran project in the Phillipines.


Fjeldsted & Blöndal offers a wide range of legal services relating to Icelandic and international business operations. The legal experts at Fjeldsted & Blöndal have as their objective to provide quality legal services to enterprises and organisations and to serve clients in an assured, effective and efficient manner. The firm´s services are primarily tailored to the needs of enterprises and organisations; we also provide services to individuals in our areas of expertise. The legal staff at Fjeldsted & Blöndal includes attorneys with extensive experience of legal work and services to enterprises and organisations both in Iceland and abroad


UN Global Compact is the World’s largest and most influential corporate responsibility initiative that urges companies to align strategies and operations with universal principles on human rights, labour, environment and anti-corruption. The initiative’s stated mission is to create a sustainable and inclusive global economy that delivers lasting benefits to people, communities and markets. By joining the initiative, Arctic Green Energy commits to making the UN Global Compact’s principles on corporate responsibility an integral part of its day-to-day operations and business strategy.