Iceland: European Investment Bank Funds 90 MWe Þeistareykir Geothermal Power Station

EIB finances geothermal power plant in Iceland (Mbl.is)

Construction at the Þeistareykjavirkjun
power plant. Photo: Mbl.is

The European Investment Bank (EIB) has signed a EUR 125 million loan agreement with Landsvirkjun, the National Power Company of Iceland, to finance a new geothermal power station and its geothermal wells at Þeistareykir, near Húsavik in north-eastern Iceland.

The financing will be used to support the design, construction and operation of a new 90 MWe geothermal power station and its geothermal wells, operated by the National Power Company of Iceland. The project will be located at Þeistareykir, some 30 km south-east of Húsavik in the northeast of the country, where nine wells with over 50 MWe capacity have already been drilled and tested.

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