Moody’s Investors Service has upgraded Landsvirkjun’s unguaranteed senior unsecured debt ratings from Baa3 to Baa2.
Landsvirkjun has reached an agreement with US and UK institutional investors to issue its debut US private placement (“USPP”) in Green Bond format, for a total amount of USD $200 million.
Norsk Hydro ASA has made a binding offer for all shares in Rio Tinto á Íslandi hf., the owner and operator of the aluminium ÍSAL smelter in Straumsvík, Iceland.
Record breaking year in energy production and operating performance.
Landsvirkjun and the high-tech company Advania Data Centers have signed a power contract for the supply of 30 MW to the data center at Fitjar in Reykjanesbær.
Highest sustainability score in 11 categories.
The current power contract between the companies dates from the year 1975 and expires in 2019.
Revenue increases between periods.
The first geothermal station to be entirely constructed by Landsvirkjun.
Profit increases.
S&P Global Ratings confirms Landsvirkjun‘s credit ratings, with stable outlook.
Credit rating without the guarantee of collection is Baa3 and with the guarantee of collection Baa1. Outlook is stable.
The preparation stage for the Þeistareykir Geothermal Power Station has mostly been successful and in accordance with the principles of sustainable development
Acceptable results in the first quarter.
A new report on Landsvirkjun's CSR progress and focus for the year 2016 has been published.
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
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.
Landsvirkjun has prepaid a loan with a state guarantee of collection with a nominal amount of 34 million USD.
Highest revenue quarter recorded in financial history of the Company.
The buyback reflects Landsvirkjun‘s strong financial position and is a part of reducing the company‘s debt, interest expenses and foreign exchange risk.
Jónas Þór Guðmundsson re-elected Chairman of the Board.
