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Guarantees of Origin

Invest in the future of renewable energy. Guarantees of Origin from Landsvirkjun support investment in renewable power generation, contributing to the decarbonization of the European energy system while providing trusted certification of renewable electricity.

Invest in renewables

Landsvirkjun is the National Power Company of Iceland and one of the largest producers of renewable energy in Europe. We operate a fleet of power stations all over Iceland where we generate 100% renewable energy – harnessing the flow of our waters, the heat of our land, and the abundance of wind circulating our island.

As a global leader in sustainable energy, we’re committed to finding new and innovative ways to power and preserve our planet.

Guarantees of Origin from Iceland not only support the improvement of local energy systems. They help to power the expansion and availability of sustainable energy.

Seize the energy opportunity

According to the World Energy Council, the world is set to consume 30% more energy by 2030. Yet the majority of global energy supply still comes from burning fossil fuels, which is the largest contributor to greenhouse gas emissions.

It’s therefore crucial for countries, governments and companies to be working together to scale up the deployment of renewable energy solutions as fast and as cost-effectively as possible.

Make a positive impact

More on our Construction Projects

Guarantees of Origin (GOs) is a trusted system certifying the origin of electricity from renewable energy sources in Europe. Its ultimate purpose is to increase renewable energy generation and reduce greenhouse gas emissions, regardless of location. Landsvirkjun´s GOs revenues go into investments in renewable energy production.

Landsvirkjun continuously works to develop new wind, geothermal and hydropower projects. Revenue from Guarantees of Origin plays an important role in improving the financial viability of these investments.

This makes additional renewable energy available in Europe.

Giving 100% is in our nature

Climate change is a global challenge affecting us all. That's why Landsvirkjun is 100% committed to developing sustainable solutions that make a positive impact. It's why the revenues from our Guarantees of Origin only go into increasing renewable energy production. And it's why we consider 100% of the global ecosystem in everything we do.

Guarantees of Origin from Iceland support the expansion of renewable energy to help power and preserve our planet in the fight against climate change.

Energy users cannot claim the attributes of the renewable energy Landsvirkjun produces without buying guarantees of origin and Landsvirkjun effectively puts the European energy mix on the invoices to customers that don't buy GO's at least once a year as regulation 757/2012 assumes.

Power Intensive Users in Iceland Buying GOs from Landsvirkjun

atNorth is a leading Nordic data center company offering environmentally responsible, cost-effective and scalable high-density colocation and build-to-suit services across Iceland, Sweden, Finland and Denmark.

atNorth

First Water, a land-based salmon farming company near Þorlákshöfn, has experienced significant growth. In a strategic move towards sustainable energy, First Water and Landsvirkjun have signed a green power agreement, demonstrating their shared commitment to meeting First Water´s future energy needs.

First Water

Verne Global, a pioneer in Iceland’s data centre colocation services, established its Keflavík Campus in 2012. The company's global reach is evident in its clientele, which includes large international companies and institutions engaged in diverse sectors such as climate research, finance, collision tests, genetic engineering, and biotechnology.

Verne Global

Laxey is developing a land-based aquaculture facility in Vestmannaeyjar, focusing on sustainable production of Atlantic salmon. The company operates a fully equipped smolt facility and grow-out station, where clean energy and naturally filtered seawater from boreholes ensure high-quality production.

Laxey

Borealis Data Center has partnered with Landsvirkjun since 2018. The company operates three data centers in Iceland and also has international operations. Borealis serves a broad range of clients including clients with growing AI-related workloads, who rely on secure, environmentally friendly data processing.

Borealis Data Centre

Certification of best practises

Since 2013, the renowned German auditing company TÜV SUD has been instrumental in ensuring the credibility of the GOs sold by Landsvirkjun. TÜV SUD's rigorous testing process involves verifying and comparing Landsvirkjun’s monitoring system to the number of issued GOs.

This independent certification confirms that the issued GOs are equivalent to the generated MWh of renewable energy. A crucial part of this process is thoroughly assessing all GOs agreements and data quality.

TÜV SUD

Our team

Our Guarantees of Origin team within Key Account Management works closely with customers to provide tailored renewable energy solutions and build long-term partnerships.

We support customers throughout the entire process, from sourcing and contracting to the delivery of Guarantees of Origin.