Wednesday, January 25, 2017

Iceland: 303 MW Hellisheiði Geothermal Plant Could be Sold

Hellisheiði Geothermal Plant to be Sold? (Askja Energy)

The power and the light no. 1, by Christopher Mathews. Aurora borealis and cooling towers at Hellisheiði Power Station, Iceland. August 31, 2016.
A firm called MJDB has made offer to buy the Hellisheiði geothermal plant in SW-Iceland. According to Icelandic media, MJDB is mostly owned by Magnús B. Jóhannesson, who is director of a firm with the name of America Renewables, in Rolling Hills in California. No public information is available about the offering price for the geothermal plant.

The Hellisheiði plant is the largest and most recent geothermal plant in Iceland, starting operation in 2003. It has a generation capacity of 303 MW and 130 MW in thermal energy. It is owned and operated by the energy firm Orka náttúrunnar (ON), which is a subsidiary of Orkuveita Reykjavíkur (OR); sometimes referred to as Reykjavík Energy. OR / Reykjavík Energy is owned by the city of Reykjavík and couple of other municipalities in SW-Iceland.