The development of electricity generation in Iceland has long been linked to the establishment of large, energy-intensive companies that secure investments in electricity production through long-term energy contracts. For many years, the Icelandic government has encouraged investments that connect reliable financing with an ample supply of Icelandic energy, paving the way for companies interested in operating in the country.

This business model has yielded positive results for the national economy, resulting in 100% renewable energy production with maximum utilization and a competitive environment for large consumers. It has also ensured that the general public has secure access to power at low and stable prices.

The collaboration between the government and industry has led to the establishment of robust industrial enterprises as well as large, profitable energy companies. Together, they form the backbone of Iceland’s economy.

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