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Reykjanes geothermal power plant.

Iceland to Set Up Rainy Day Fund

Iceland’s Minister of Finance has decided the State will not sell the Landsvirkjun national energy company, as his predecessor had arranged. Instead, future dividends from shares in the national power company will be put into an emergency back-up fund, which will be set up to help Iceland get...

beach

Groundbreaking Seabed Geothermal Research Allowed

The National Energy Authority has granted North Tech Energy a license to locate and research geothermal energy on the seabed around Iceland. The company’s CEO says it could become one of the biggest energy projects ever embarked upon in Iceland.

Minister for the Environment Sigrún Magnúsdóttir.

Environment Associations Take Minister to Court

The environment associations Landvernd and Fjöregg are taking Icelandic Minister for the Environment Sigrún Magnúsdóttir to court for failing to declare certain areas in Skútustaðahreppur district, North Iceland, as protected.

Power Line Project Battle Continues

For the second time, the environmental associations Fjöregg and Landvernd have reported the decision to issue a project permit for a controversial power line to an environmental ruling committee.

Þeistareykir

Environmental Concerns Halt Power Line Project

The ruling committee for environmental and natural resource issues decided last Friday that the work on power lines to PCC’s silicon plant at Bakki, North Iceland, must be halted for the time being for environmental reasons.

Kárahnjukavirkjun hydro power plant

Submarine Cable Would Mean Major Power Plants

If the proposed project of connecting Iceland’s energy grid with Britain’s via a submarine cable is realized, that would require the construction of power plants in Iceland the size of two Kárahnúkar projects, or 1,400 megawattts.

Ring Road 1 Iceland

National Treasure Prepares Electric Bike Record Attempt

Television journalist, adventurer, environmentalist and national treasure, Ómar Ragnarsson, will set off tomorrow (Tuesday) trying to break the Icelandic record for the longest trip made on an electric bicycle on a single charge. He plans to make it all the way from Akureyri to Reykjavík.

Kárahnjukavirkjun hydro power plant

Energy Boss Warns: Dam or Run Out of Electric

Iceland needs to orient its framework agenda on energy production in a way that not only considers the impacts of damming more of the highlands, but also the impacts of running out of electricity. So says head of marketing and business development at power company Landsvirkjun.