Iceland to Further Study Sea Cable Prospects Skip to content

Iceland to Further Study Sea Cable Prospects

Iceland is to further study the feasibility of building a power cable to Scotland after the first such report provided a considerable degree of uncertainty on the profitability of the project.

hellisheidi-power-plant_psHellisheiði power plant. Photo: Páll Stefánsson/Iceland Review.

The report estimated profits of between ISK 4 billion (USD 32 million, EUR 24 million) and ISK 76 billion (USD 613 million, EUR 470 million), bloomberg.com reports.

Iceland has been considering the sale of geothermal energy to the U.K. via high-voltage cables across the ocean floor.

Iceland and the U.K. signed a declaration of intent last year on cooperation between the two states in the field of energy with special emphasis on the utilization of renewable energy resources.

Related:

31.05.2012 | Iceland and Britain Sign Energy Agreement

12.04.2012 | Iceland to Sell Energy to UK via Sea Cable?

ZR

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