Articles tagged with Iceland
New Zealand Advances GeoShot NZ Project to Drill First Superhot Geothermal Well
1 week ago | 148 viewsThe GeoShot NZ project aims to drill New Zealand’s first superhot geothermal well at the Rotokawa Geothermal Field, with government funding of $55 million approved for pre-drilling and exploratory activities. The initiative involves expert partners and advanced technology to harness superhot fluids at depths of 4–5 km, offering significantly more energy than conventional wells and enhancing national energy resilience. This pioneering effort, supported by international collaboration, seeks to establish New Zealand as a leader in clean, high-capacity geothermal energy for long-term regional and national benefits.
Tags: Shane Jones Mercury NZ Todd Energy Tauhara North No. 2 Trust Ministry of Business Innovation and Employment GeoShot NZ Regional Infrastructure Fund Rotokawa Geothermal Field Iceland New ZealandGlobal Trade Leaders Unite to Keep Supply Chains Open and Resilient
2 months ago | 379 viewsTrade and Investment Minister Todd McClay announced a joint statement with Future of Investment and Trade (FIT) Partnership members to keep global supply chains open, transparent, and resilient amid disruptions like the Middle East conflict. The FIT partners committed to collaborating on identifying trade disruptions, exchanging information, and ensuring air and seaports remain open to facilitate uninterrupted trade. Established in 2025, the FIT Partnership unites small and medium-sized economies to shape global trade, with New Zealand hosting the next ministerial meeting in July.
Tags: Todd McClay Costa Rica Iceland Liechtenstein New Zealand Norway Panama Rwanda Singapore SwitzerlandFIT Partnership Members Unite to Keep Global Supply Chains Open and Resilient
2 months ago | 434 viewsTrade and Investment Minister Todd McClay announced a joint statement by Future of Investment and Trade (FIT) Partnership members to keep global supply chains open, transparent, and resilient amid disruptions like the Middle East conflict. The partners committed to collaborating on identifying trade disruptions, sharing information, and ensuring air and seaports remain open to facilitate unimpeded trade. New Zealand, hosting the next FIT Ministerial Meeting in July, leads this initiative to support small and medium-sized economies in shaping the future of global trade and investment.
Tags: Todd McClay Costa Rica Iceland Liechtenstein New Zealand Norway Panama Rwanda Singapore SwitzerlandNew Zealand and Iceland Partner to Boost Geothermal Energy Innovation and Research
7 months ago | 608 viewsNew Zealand and Iceland signed an agreement to enhance cooperation in geothermal energy development through joint research, industry workshops, and academic exchanges, focusing on superhot and supercritical geothermal systems. This partnership builds on decades of shared expertise and recent collaborations, aiming to advance renewable energy innovation and support New Zealand's goals to double renewable generation by 2050 and boost geothermal production by 2040. The agreement was formalized at COP 30 and includes financial commitments, such as New Zealand allocating up to $60 million for geothermal exploration in the Taupō Volcanic Zone.
Tags: Winston Peters Shane Jones Simon Watts Jóhann Páll Jóhannsson New Zealand Iceland geothermal energy renewable energy COP 30 Taupō Volcanic ZoneNew Zealand and Iceland Strengthen Cooperation on Working Holidays, Taxation, and Geothermal Energy
7 months ago | 686 viewsNew Zealand and Iceland are strengthening cooperation in areas such as working holidays, taxation, and geothermal energy, as announced by Foreign Minister Winston Peters during his visit to Iceland. Initiatives like a reciprocal Working Holiday Scheme aim to enhance collaboration between the two island nations, fostering opportunities for young people to engage, learn, and contribute internationally. The Double Tax Agreement and exploration of geothermal energy aim to bolster economic ties and address future energy needs, with Mr Peters highlighting the importance of learning from Iceland's expertise in this field during his broader visit to the Nordic region.
Tags: New Zealand Iceland Winston Peters Halla Tómasdóttir Erica Stanford Daði Már Kristófersson Jóhann Páll Jóhannsson Working Holiday Scheme Double Tax Agreement Geothermal EnergyForeign Minister Winston Peters Strengthening Partnerships in the UK and Nordic Region
8 months ago | 728 viewsForeign Minister Winston Peters will travel to the United Kingdom and the Nordic region for diplomatic engagements. In the UK, he will participate in the UK-NZ Foreign Ministers’ Dialogue, meet with Foreign Secretary Yvette Cooper, and discuss enhancing cooperation amidst global challenges. In the Nordic countries, Mr Peters will attend the New Zealand-Nordic 5 Foreign Ministers’ Meeting to strengthen relationships and explore opportunities for collaboration in various areas.
Tags: Winston Peters Yvette Cooper United Kingdom Nordic region Foreign Minister New Zealand Denmark Finland Iceland NorwayNew FIT Partnership Boosts Trade and Investment Opportunities
9 months ago | 743 viewsNew Zealand, Singapore, the United Arab Emirates, and Switzerland have formed the Future of Investment and Trade (FIT) Partnership to enhance trade and investment opportunities and support economic growth. The partnership includes several other countries like Brunei, Costa Rica, and Iceland, among others. Discussions on establishing the FIT Partnership began a year ago, with a focus on practical initiatives to open markets, attract investment, and remove barriers to benefit businesses and strengthen supply chains.
Tags: New Zealand Singapore United Arab Emirates Switzerland Todd McClay Brunei Costa Rica Iceland Liechtenstein Morocco