4 FAQs about Icelandic energy storage solar power generation companies

Why does Iceland need an electric power plant?

As a result of rapid expansion in Iceland's energy intensive industry, the demand for electricity has increased considerably during the last decade. A licence issued by the National Energy Authority is required to construct and operate an electric power plant.

Who owns a hydropower plant in Iceland?

Most of the hydropower plants are owned by Landsvirkjun (the National Power Company) which is the main supplier of electricity in Iceland. Iceland is the world's largest green energy producer per capita and largest electricity producer per capita, with approximately 55,000 kWh per person per year.

Should Iceland use solar power?

By incorporating solar power, Iceland can harness the potential of its natural lighting conditions, while also exploring the safety and efficiency improvements of modern nuclear technology to ensure a sustainable and robust energy mix.

How much electricity does Iceland use?

In 2015, the total electricity consumption in Iceland was 18,798 GWh. Renewable energy provided almost 100% of electricity production, with about 73% coming from hydropower and 27% from geothermal power. Most of the hydropower plants are owned by Landsvirkjun (the National Power Company) which is the main supplier of electricity in Iceland.

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