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As stated by the EIB, the project comprises the expansion and refurbishment of existing geothermal power plants and the extension and renovation of the district heating and electricity distribution networks in the Reykjavik area during 2025-2029.
In line with the EU and national energy policies, the project will ensure the security of supply of renewable energy and hot water, as well as will secure and improve the energy efficiency of the corresponding enabling infrastructure. It will also serve the increase in demand for renewable energy and hot water from future housing developments and infrastructure expansion in the Reykjavik area.
As stated on the company's website, Reykjavík Energy (Orkuveitan) is the parent company of Veitur, Orka náttúrunnar, Ljósleiðarinn and Carbfix. We support a growing society, homes and business life with innovation in energy, utilities and carbon fixation.
Reykjavík Energy (Orkuveitan) is the second-largest energy utility company in Iceland.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Reykjavík Energy (Orkuveita Reykjavicur) | Client | Energy |
No project contacts provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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