Acceptable results in the first quarter.
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
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.
Economic conditions continue to affect operations but net debt continues to decrease.
The aluminium and data center industries in Iceland enjoy competitive electricity prices that do not negatively impact the energy-intensive industries’ competitiveness in general. These were the main conclusions of the report compiled by the Fraunhofer Institute for Systems and Innovation Research ISI at the request of the Ministry of Industries and Innovation in Iceland. Landsvirkjun’s CEO, Hörður Arnarson said “this confirms what we already firmly believe, that we offer green energy at competitive prices. We are pleased that this has now been confirmed by an independent expert.”
Tinna Traustadóttir and Ríkarður S. Ríkarðsson have been appointed as the Executive Vice Presidents of the new Sales and Customer Service and Business Development and Innovation. The Marketing and Business Development Division will no longer exist.
Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have signed a Memorandum of Understanding ("MOU”) to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam. According to the MOU, the parties also agree to the exchange of knowledge, with the aim of exploring new opportunities of cooperation related to hydrogen.
Among the first companies globally to adopt a new approach to finance green assets.
Landsvirkjun’s results for the first half of the year reflect the difficult economic conditions throughout the world.
Hörður Arnarson, CEO, Landsvirkjun, explains how the power company's ongoing innovation allows it to maximize the sustainable harvest of natural resources and add value to the economy in an interview with Country Reports in partnership with Newsweek.
" The current economic situation has shown us that supporting innovation and improving the utilisation of natural resources in Iceland is more important than ever" says Kristín Linda Árnadóttir, Deputy CEO of Landsvirkjun.
Landsvirkjun, Norðurorka (Utility Company), Húsavík Energy and SSNE have signed a new contract to continue their cooperation on the EIMUR innovation project which was formally established in 2017.
Landsvirkjun has started the process of developing a hydrogen production facility at Ljósifoss Hydropower Station.
Acceptable first quarter results under challenging external conditions.
At Landsvirkjun‘s board meeting, on April 20, 2020, the board of directors agreed on a new dividend policy for the company.
Landsvirkjun has exercised an issuer call option to redeem a bond on 28 October 2020 of the amount of USD 50,000,000.
Landsvirkjun’s contribution to reigniting the economy.
Jónas Þór Guðmundsson re-elected chairman of the board.
Landsvirkjun and MýSilica join forces to support innovation and development in the Mývatn area.
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.