Iceland:

Iceland Seeks Second Power Cable Study to Tap European Markets (Businessweek)

Iceland will order a second study on building a power cable to Scotland after a feasibility report showed a wide disparity in the profitability of the project.

There’s a “considerable degree of uncertainty” with an estimated range of 4 billion kronur ($32 million) to 76 billion kronur in expected annual export revenue, Industry Minister Ragnheidur Elin Arnadottir said in an interview in Reykjavik.

The volcanic island has been considering building a link to broader European markets to harness its untapped power reserves and create another export source as it seeks to emerge from its 2008 financial and economic collapse. The link would be the longest of its kind, stretching a potential 1,170 kilometers (727 miles).

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