Two new executive vice presidents have been appointed to Landsvirkjun, Ásbjörg Kristinsdóttir and Jóna Bjarnadóttir.

The CEO of Landsvirkjun signed a memorandum of understanding on February 23^rd on behalf of the company, launching negotiations for the sale of Landsvirkjun’s shares in Landsnet to the government. A change in ownership of Landsnet has been underway for some time.

Results reflect the global pandemic.

Landsvirkjun and Rio Tinto Iceland have agreed on amending the power purchase agreement (PPA) between the two companies dating back to 2010, thereby allowing the Straumsvik aluminum smelter to continue operating with a stronger competitive position.

“Iceland has everything it takes to make the shift from energy dependence to energy independence. Our goal is to be among the first in the world to achieve zero net carbon emissions or at least, by no later than by 2050. Petrol and diesel-powered vehicles must become a part of our history, replaced by alternatives such as electricity and hydrogen. Taking these steps will enable us to fulfil society’s future energy needs in a sustainable manner” said Þórdís Kolbrún Reykfjörð Gylfadóttir, Minister of Tourism, Industry, and Innovation, at Landsvirkjun’s open meeting on new, green energy opportunities.

A cooperative project on energy transition and energy-related innovation.

The CDP has recognised Landsvirkjun as a leading company in the worldwide battle against climate change, earning a grade of A- on their Climate list. CDP is a non-profit organisation, that runs the global disclosure system, gathering and distributing information and advising on continuous improvement on environmental issues. 

Economic conditions continue to affect operations but net debt continues to decrease.

The aluminium and data center industries in Iceland enjoy competitive electricity prices that do not negatively impact the energy-intensive industries’ competitiveness in general. These were the main conclusions of the report compiled by the Fraunhofer Institute for Systems and Innovation Research ISI at the request of the Ministry of Industries and Innovation in Iceland. Landsvirkjun’s CEO, Hörður Arnarson said “this confirms what we already firmly believe, that we offer green energy at competitive prices. We are pleased that this has now been confirmed by an independent expert.”