The electricity demand is now greater than the electricity production in Iceland. Therefore, there is a need of new energy facilities to meet the domestic market.
HS Orka is examining several power development options on the Reykjanes peninsula. The company is also examining power development options elsewhere in Iceland. Most of these involve hydropower options.All energy production options are subject to a detailed preparatory process and require permits. The options currently under examination are at varying stages of preparation and at different stages of the permit process.