Purpose and focus
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.