An open meeting presenting the details of a new action plan.
Landsvirkjun’s results for the first nine months of the year 2019.
According to Moody's, the upgrade reflects the continued improvement in the company’s credit profile.
Outstanding companies build their business on a strong foundation and are focused on the interests of investors and shareholders.
Kristín Linda has participated in various international co-operations on environmental issues.
Strong cash generation and a historically high equity ratio.
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.
Operations have already begun in Blönduós and construction work to expand the data center is currently underway.
Revenue, EBITDA and profit increase between periods.
Landsvirkjun is number three on Creditinfo‘s list.
The EFTA Surveillance Authority (ESA) has concluded that state guarantees for Landsvirkjun's hedging derivatives did not involve state aid.
European Commission (EC) competition approval process has taken longer than anticipated.
At the Annual General Meeting of Landsvirkjun, the National Power Company of Iceland, held today, the Minister of Finance and Economic Affairs appointed Board members and reserve members for Landsvirkjun’s Board of Directors.
The protocol was developed as a partnership project of Landsvirkjun, Reykjavik Energy, HS Orka and the Icelandic Environment Agency.
Acceptable earnings in a demanding business environment.
S&P Global Ratings has upgraded Landsvirkjun‘s credit ratings.
Landsnet buys back outstanding bonds
Landsvirkjun and Advania have signed a power purchase agreement for the supply of energy to Advania’s data center in Fitjar.
Net debt continues to decrease while the company is currently constructing two power plants.
The renewal of Norðurál's contract with Landsvirkjun on the purchase of electricity does not involve state aid, as it was concluded on market terms.
The total water stored stands at just over 97% of capacity, which is much better than in 2015.
Rules on chain liability are intended to ensure that any party working indirectly for Landsvirkjun enjoy rights and employment terms in accordance with law and wage contracts.
Moody’s Investors Service has upgraded Landsvirkjun‘s credit rating for unguaranteed debt to Baa3 from Ba1.
Power price linked to market in Northern Europe.
Net debt continues to decrease
Gagarin has been awarded the prestigious Red Dot for Landsvirkjun’s exhibition, “Powering the Future” in the Ljósafoss Power Station.
Affirmed Landsvirkjun's credit ratings at BBB-/A-3
Landsvirkjun has decided to renew the turbines in the old Bjarnarflag Geothermal Station in order to ensure its continued operation.
Landsvirkjun and the Nordic Investment Bank (NIB) have signed a USD 50 million long-term loan agreement without a guarantee of collection for the construction of the Theistareykir project
Moody‘s Investors Service has today placed all of Landsvirkjun‘s ratings on review for upgrade
The European Investment Bank (EIB) has signed a EUR 125 million loan agreement with Landsvirkjun to finance a new geothermal power station and its geothermal wells at Theistareykir, near Húsavik in north-eastern Iceland.
