Follows successful placing of a USD 200m green bond in 2018 

The original power contract between the companies dates from the year 1975.

Net debt continues to decrease and the equity ratio strengthens.

The assets and transfer of the shares have negligible effect on the balance sheet and operations of Landsvirkjun.

Jónas Þór Guðmundsson re-elected chairman of the board.

S&P Global Ratings revises Landsvirkjun’s rating outlook from stable to positive on improved financial position.

Landsvirkjun owns 64.7% of Landsnet.

The Green Bond Pioneer Awards are the premier annual recognition of achievement by organisations, financial institutions, governments and individuals who have demonstrated leadership through pioneering initiatives and green issuance and have provided positive examples of climate resilient and low carbon investment in a diverse range of nations and markets.

Another record year for power generation and operating performance.