Landsvirkjun and GMR Endurvinnslan ehf. (Geothermal Metal Recycling - GMR) announced on Monday June 25 that the two companies have agreed on terms for a new power purchase agreement (PPA).
Under this new contract, Landsvirkjun will provide clean, renewable energy to power a steel and scrap metal recycling plant at the Grundartangi industrial area on Iceland's southwest coast. The power purchase agreement commits Landsvirkjun to provide GMR with up to 10 MW of power for a seven year period.
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