Following a request from Landsvirkjun, GAM Managment hf. [GAMMA] has prepared an analysis of the outlook for Landsvirkjun from 2025 to 2035, based on four different investment and project scenarios. The analysis includes an assessment of Landsvirkjun´s financial position and its ability to pay dividends and also the potential impact of the dividend payments on the Icelandic economy. The effects of investment activity on the Icelandic economy in the next 10 to 15 years are also estimated.

The Icelandic report was published June 28^th 2011 and all numbers, data, calculations and conclusions are from that date.

Effects derived from the investment policy can in fact be split into three elements:

• effects from investments during the investment period,
• effects from the operation of energy plants and new industrial activity and
• wealth effect derived from the improved financial situation of LV, i.e. dividend payments and tax paid to the Icelandic state.

Download the complete report: 
Landsvirkjun‘s Renewable Energy Potential and its Impact on Iceland‘s Economy

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