Landsvirkjun’s energy generation leaves one of the lowest carbon footprints globally or 1.1 CO2-eq/kWh . 

At Landsvirkjun’s General Annual Meeting 2023, speakers agreed on the necessity to increase the generation of green energy 

Landsvirkjun is nearing its 60th year of operations and is in a stronger position than ever. The Company’s excellent status bears witness to all the employees and Board Directors that have lent their strength and wisdom to its operations for the last 58 years. The financial statements for 2022, published this week, are a testament to this.

Revenues and Energy Generation at a Record High

Tourists in Iceland Surveyed on Energy Generation from Renewables

Late 2022, Gallup surveyed tourists visiting Iceland regarding renewable energy generation and its effect on them.

All-time best results – proposal of a USD 140 million dividend to the nation

The result for the year was the best in Landsvirkjun’s history. Profit before unrealised financial items, which is the benchmark we use to evaluate the company’s results, was USD 315.9 million and increased by just over 72% between years. 

Landsvirkjun and GeoSalmo have signed a non-binding term sheet for electricity sales to the salmon farming company currently preparing its land-based aquaculture in the vicinity of Þorlákshöfn. The MoU states that the companies agree on the pending Power Purchase Agreement (PPA) rationale. GeoSalmo’s plans fit well with Landsvirkjun’s prioritisation in energy sales for the coming years, as GeoSalmo utilises Icelandic resources to produce sustainable, climate-friendly, and nutritious food.  

Landsvirkjun to Sell Electricity to GeoSalmo

Landsvirkjun and GeoSalmo have signed a non-binding term sheet for electricity sales to the salmon farming company currently preparing its land-based aquaculture in the vicinity of Þorlákshöfn. 

Icelandic State acquires Landsvirkjun’s share in Landsnet

Leading in Environmental Performance Globally

Landsvirkjun’s placement on CDP’s prestigious A List in 2022 means that the Company is a leader in climate performance globally

Landsvirkjun and Landeldi hf. have signed a Green Power Purchase Agreement (Green PPA) for up to 20 MW of electricity to Landeldi’s land-based salmon farm in Þorlákshöfn, South Iceland. Negotiations have been ongoing since 2021. Renewable energy is key for Landeldi’s sustainable production, as well as use of sea and fresh water.

Landsvirkjun and Landeldi Sign a 20 MW Green Power Purchase Agreement

Optimal utilisation of the resource and increased flexibility in operations

The area offers extensive opportunities for geothermal utilisation.

Búðarhálsstöð is one of seven hydropower stations in the Þjórsá area.

The water drives six powerful turbines in the powerhouse

Lágmarkshæð vatnsborðs og við tekur varaforði

Aðrennslisgöng frá Hálslóni (þvermál: 7,2-7,6 metrar)

Aðrennslisgöng frá Ufsarlóni (þvermál:6,5 metrar)

Þrenn aðgöng vegna aðrennslisganga (þvermál: 7,2-7,6 m)

Tvenn hjáveitugöng og aðkoma við Kárahnjúkastíflu

Bergþéttingargöng undir Kárahnjúkastíflu

Tvenn göng í Hraunaveitu (þvermál: 4,5 metrar)

Tvenn fallgöng að stöðvarhúsi (þvermál: 4,0 metrar)

Aðkomugöng að stöðvarhúsi (þvermál: 7,5 metrar)

Heildarfallhæð frá Hálslóni í stöðvarhús í Fljótsdal

Hönnunarrennsli (mesta mögulega rennsli)

Nýtir rennsli Tungnaár og  Þjórsár en árnar sameinast í Sultartangalóni

Blanda power station is located on the northern edge of the high-lands near the end of the Kjalvegur Mountain Road.

There are six hydropower stations in the catchment area of Rivers Thjórsá and Tungnaá: Búrfell, Sultartangi, Hrauneyjafoss, Vatnsfell, Sigalda and  Búdarháls.

What we do

What we offer

Finance

Environment

Sustainability

About

News and announcements

Type