Reykjavik, Iceland, April 27, 2012 — The Icelandic energy provider, Landsvirkjun, may help supply Continental Europe with renewable energy via a North Atlantic submarine power cable.
Iceland currently holds a unique position amongst European nations in its potential to increase reliable electric energy production from renewable energy resources. This increased energy production could be used to conduct business through an interconnector — a submarine cable to Europe across the North Atlantic seabed.
Laying a submarine cable will be a well-suited addition to the ongoing industrial development of the country. Arnarson went on to emphasize that Landsvirkjun will continue to support further growth of its current customers, as well as new greenfield data centers and industrial customers.
Landsvirkjun proposed additional analysis and research over the next few years into the potential impact on social, environmental, legal, and technical issues which will be undertaken in cooperation with interested parties including the Icelandic authorities, universities, interest groups, and energy and transmission companies.
Oddný Harðardóttir, the Icelandic Minister of Finance, announced that a working group will be appointed to research the feasibility of laying a submarine cable between Iceland and the British Isles and or mainland Europe.