About Landsvirkjun Power

Landsvirkjun Power was founded in 2007 as a subsidiary of Landsvirkjun, to manage its international operations.

Purpose and focus

Landsvirkjun Power's Ownership Policy

The purpose of Landsvirkjun Power is to participate in advisory and co-development of renewable energy projects, including possible co-investment.

The primary focus is on hydro power and geothermal projects, with growing interest in wind power.

Landsvirkjun was founded in 1965 as the National Power Company of Iceland. The company builds, runs and refurbishes hydroelectric, geothermal and wind projects.

It now owns and operates 15 hydroelectric, 3 geothermal and 2 wind power stations in Iceland with an installed capacity of around 2,150 MW and annual generation about 14 TWh.

Landsvirkjun is a leader in generation of electricity from renewable resources in Iceland and is among the larger renewable energy companies in Europe. The company expects to continue constructing new renewable power projects in the future.

Landsvirkjun Power is certified under the ISO 9001 standard.

Strategy and policy

LV Power Strategy and Policy

The vision of Landsvirkjun Power is that climate change can be managed through renewable energy solutions.

The mission of Landsvirkjun Power is to facilitate international sustainable development by utilising Icelandic know-how in hydro and geothermal power.

The key elements of Landsvirkjun Power's strategy are:

  • Play a role as project developer in international hydro and geothermal power projects, adding wind where applicable, including capital investment during development and construction phases.
  • Provide strategic advisory services where it supports project development and maintains know-how.
  • Take initiative to create project development opportunities in a few selected markets.
  • Leverage Landsvirkjun's strengths to establish connections with financial and local partners in international development of renewable power projects.

Meet the team

Managing Director of Landsvirkjun Power and EVP of Business Development and Innovation at Landsvirkjun

Rikardur Rikardsson

Chief Engineer of Landsvirkjun Power and Director of Hydropower Development at Landsvirkjun

Óli Grétar Blöndal Sveinson

Director of Project Development

Sveinbjörn Finnsson

Project Manager

Einar Erlingsson

Project Manager

Björn Stefánsson