Solid operations in a challenging environment
Landsvirkjun's interim financial statements for Q2 2024 have been published. Landsvirkjun‘s profit from core operations for the first half of the year amounted to USD 143.4 million and cash flow from operations USD 163.4 million.
Difficult reservoir conditions and the resulting energy curtailments impacted financial performance for the first half of the year.
Moody´s Ratings changes Landsvirkjun’ s outlook from stable to positive
Moody´s Ratings has changed Landsvirkjun’ s outlook from stable to positive and affirmed Landsvirkjun’ s credit rating of BBB+.
According to Moody´s the change of outlook to positive, and the BCA upgrade, acknowledges the company's strong operational performance in recent years.
Freyja Björk one of World Energy Council's future leader
The World Energy Council has announced a new cohort of global future energy leaders
Landsvirkjun Sells Old HQ
Landsvirkjun’s Board of Directors has decided to part with a significant piece of our history - the Company’s old headquarters at Háaleitisbraut 68 in Reykjavík.
These offices have been the heart of the National Power Company of Iceland for almost half a century.
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.
