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
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
The offering was very well received, with an order book which was multiple times oversubscribed.
Landsvirkjun will deliver 100% certified renewable energy to the high-performance computing data center.
The visitor center is temporarily closed due to COVID-19. This is only a precautionary measure.
The ratings apply to long- and short-term commitments, with and without the guarantee of collection.
Acceptable results in challenging external conditions.
A dialogue between the companies amid challenging conditions in aluminium markets.
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.
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