L&G has made a $50 million investment in Landsvirkjun, Iceland's National Power Company, to enhance renewable energy infrastructure in alignment with sustainability goals.

Target Information

Landsvirkjun, Iceland's National Power Company, is the country’s foremost provider of energy, renowned for its extensive experience in the construction and management of renewable energy assets. Over the last 60 years, the company has established a robust infrastructure comprising hydroelectric, geothermal, and wind power facilities, making it a pivotal player in Iceland's transition to a renewable energy society.

Currently, Landsvirkjun operates 19 power stations that collectively generate approximately 15 terawatt-hours (TWh) of electricity annually, successfully meeting over 70% of Iceland's energy requirements through sustainable practices and natural energy resources.

Industry Overview in Iceland

The renewable energy sector in Iceland is distinguished by its significant utilization of geothermal and hydroelectric resources, making it a global leader in c