Financial Time's Climate Leader for the Third Year
For the third year, Landsvirkjun has been listed on the Financial Times' Europe’s Climate Leaders, a list of European companies that have achieved considerable reductions in their core emissions intensity from 2017 to 2022.
Dividend Payment Increased to ISK 30 Billion
Landsvirkjun‘s Annual General Meeting (AG) ratified the Board of Directors‘ proposal for an ISK 30 billion dividend payment to the Company‘s owner, the Icelandic Nation.
The Minister of Finance and Economic Affairs appointed Members of the Board of Directors at the ATM in accordance with the governing legislation.
Curtailment Continues Due to Abysmal Water Year
Landsvirkjun is compelled to extend the curtailment of electricity to customers beyond the anticipated period this spring.
Landsvirkjun’s Annual Report 2023 Published
Landsvirkjun’s Annual Report 2023 has been published.
2023 was the strongest operational year in Landsvirkjun’s almost 60-year history. Profits from operations increased by 19% year on year, and the Company’s financial standing has never been better.
Emissions Remain Among the Lowest
Landsvirkjun’s Climate Account 2023 has been published. Landsvirkjun’s carbon intensity in 2023 was 3.3 g CO2eq/kWh, showing a 7% increase year on year.
Landsvirkjun and Laxey Sign Green PPA
Landsvirkjun and Laxey ehf. have signed a Power Purchase Agreement (PPA) for renewable energy to develop a new land-based aquaculture facility on the Vestmannaeyjar islands.
The high-tech food production facility will have a significantly low carbon footprint.
Responsible utilisation of resources
We have set ourselves an ambitious Climate and Environmental Policy.
We respect the Icelandic natural environment and place emphasis on minimising the environmental impact of our operations. We will become carbon neutral in 2025. Then, emissions from the Company’s operations will equal carbon sequestration.
Now is the time to act. We will do our part in the fight against climate change.
Our Power Stations
We operate fifteen hydropower stations, three geothermal power stations and two wind turbines for research purposes in five operating areas in Iceland.
In operating power stations, emphasis is placed on a holistic vision, where prudence, reliability and harmony of the operations with environment and society are the guiding principles.