Iceland demands fixed price to give UK volcano power (Compelo)
Iceland's finance minister has called on the UK Government to offer a fixed energy price to enable plans for an undersea electricity cable between the two countries to move ahead.
Talks over a 1,000km (620 mile) long, 1,000 MW cable have been on the cards for decades but Bjarni Benediktsson said the project would need to “pass a lot of hurdles”, including environmental and planning concerns, before being approved. The project would use the power generated by Icelandic volcanoes to fuel British households. He added: “When you look at a project like the cable you will always have to look very long-term.
Construction is due to start in 2019 and the project will include 18 million tonnes of copper and 13 million tonnes of aluminium.
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