Landsvirkjun, the Icelandic energy provider, has been examining how realistic it would be to build the world’s longest submarine electric cable, which will enable sales of renewable energy to Europe.
The energy company’s study concentrates on the potential business models, markets and congestion management, whilst also focusing on the export and import of electricity based on price differences between the European and Icelandic market. Landsvirkjun is also studying the impact on the Icelandic power market, security of supply in the Icelandic power system and resource management in Iceland, with emphasis on the use of the hydropower capacity. Read more
