Landsvirkjun, the National Power Company of Iceland, is Iceland's largest electricity company, with around 75% market share, and one of the ten largest producers of renewable energy in Europe. Landsvirkjun operates 17 power plants in Iceland concentrated on five main areas of operation. Landsvirkjun operates two geothermal power plants in NE Iceland and has plans for further development in the geothermal industry in that area. In cooperation with the Icelandic Deep Drilling Project, the well IDDP-1 was drilled in Krafla in 2009. The well was the hottest geothermal well in the world capable of producing over 30 MW.
Last Modification: 21.04.2022
The GeConnect project has been subsidized through the ERANET Cofund GEOTHERMICA (Project no. 731117), from the European Commission, Technology Development Fund (Iceland), Federal Ministry of Economic Affairs and Energy (BMWi) on the basis of a decision by the German Bundestages (Germany), and the Netherlands Enterprise Agency (Rijksdienst voor Ondernemend Nederland).
