Over 80% of electricity in Iceland is generated in hydroelectric power stations. The hydroelectric power stations, historically all run by Landsvirkjun, are central to the existence of Iceland as an
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Historically, all the hydroelectric power stations are run by Landsvirkjun, the National Power Company of Iceland. Over 70% of electricity is generated in hydroelectric power stations. For now, the largest power station in Iceland is Kárahnjúkar Hydropower Plant.
We operate fourteen 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.
The largest power station by far is Kárahnjúkar Hydropower Plant (690 MW), which generates electricity in the area north of Vatnajökull for the production of aluminum. Iceland uses geothermal energy for heating as well as electricity generation.
Through a new electricity act in 2005 the company's Transmission Division became Landsnet, an independent limited company and a subsidiary of Landsvirkjun. Landsnet owns and operates the Icelandic transmission system and manages the country's electricity system.
Nearly all of Iceland's electricity (>99%) is generated from renewables (mainly hydroelectric dams and geothermal). The islands of Grimsey and Flatey rely on diesel as they are not connected to the grid. Over 80% of electricity in Iceland is generated in hydroelectric power stations.
The largest power station in Iceland has a capacity of 240 megawatts (mw). Other major hydroelectric stations are at Hrauneyjarfoss (210 mw) and Sigala (10 mw). Efforts are underway by the government to export hydroelectric energy to Europe by transporting it via submarine cables.
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