Landsvirkjun's Dividend Payment of USD 195 Million
Landsvirkjun's Annual General Meeting approved the Board of Directors'
recommendation of approximately USD 195 million to the Icelandic state
treasury.
The total dividend payments from 2021 to 2024 are about USD 703 million.
E-fuels and Climate-Related Business Development
Landsvirkjun has introduced a new company strategy focused on e-fuels and climate-related business development.
Vinland Power established in Canada
Landsvirkjun Power and Growler Energy are pleased to announce the formation of a new renewable energy company in Newfoundland and Labrador - Vinland Power.
Solid operations in challenging conditions
Landsvirkjun's Financial Statements for the year 2024 have been published.
The company’s financial position is stronger than ever and the Board intends to propose a dividend to the state amounting to USD 180 million this year.
ISK 1.7 billion towards innovation projects in regional Iceland
Landsvirkjun's energy-related innovation project has been a vitamin injection for business life in regional Iceland, as in the last five years, projects related to Eimur in the North, Orkídea in the South, and Blámi in the Westfjords have received grants in the amount of more than ISK 1.7 billion.
Enercon to supply wind turbines
The National Power Company of Iceland (Landsvirkjun) has reached an agreement with German wind-turbine manufacturer Enercon for the purchase, installation and operation of 28 wind turbines to be installed at the Búrfellslundur wind farm near Mount Vaðalda.
Good performance despite operational challenges
Landsvirkjun's interim financial statements for Q3 2024 have been published.
The company continues to operate well, although not matching the record performance of 2023. Core operating profit in the third quarter amounted to 65 million US dollars, decreasing by 31%.
Our Power Stations
We operate fourteen hydropower stations, three geothermal power stations and two wind turbines for research purposes in five operating areas in Iceland.
In operating power stations, emphasis is placed on a holistic vision, where prudence, reliability and harmony of the operations with environment and society are the guiding principles.
