07 Sep '13, 3pm

Iceland could provide renewable energy to the UK

Iceland could provide renewable energy to the UK

The plans being discussed by the two governments concern a 1,000km undersea cable with a capacity of 1GW. The package is worth an estimated £4 billion with the inclusion of related generation and onshore transmission investments and could be operational by 2022. “We are looking at this much more seriously than ever before” said Bjorgvin Sigurdsson, executive vice president of Landsvirkjun , the state-owned Icelandic generator. “The technology seems to be there to make it work... the issue is whether this makes sense economically.” At present, Iceland benefits from some of the lowest electricity prices in Europe given that much of their renewable energy comes from hydroelectricity and geothermal. The director general of the National Energy Authority of Iceland, Guðni Jóhannesson, said that the interconnector could provide power to the UK at around 60 to 70 percent of the pr...

Full article: http://www.renewableenergymagazine.com/article/iceland-co...

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