By Cameron Chai
Landsvirkjun, an Iceland-based company that offers energy, may support the delivery of renewable energy to Continental Europe through a North Atlantic submarine power cable.
Among European countries, Iceland has the ability to enhance consistent electricity generation using renewable energy sources. This improvement may lead to the development of commercial opportunities using an interconnector, a submarine power cable between Iceland -North Atlantic seabed - Europe.
According to the CEO of Landsvirkjun, Hörður Arnarson, offering renewable energy via a submarine power cable provides an excellent commercial prospect for Iceland. Simultaneously, it offers a fractional solution for meeting the augmented renewable energy requirements of Europe. Further, several European countries have shown interest in linking clean energy resources from Iceland to Europe. He added that the company will keep on supporting its customers for their further growth and also other industrial customers and new greenfield Data Centers.
Furthermore, the company has planned to conduct more research and analysis in the forthcoming years on the possible effects upon technical, legal, ecological and social barriers. This will be done with the support of interested groups like energy and transmission companies, Icelandic authorities, universities and others.
The Icelandic Minister of Finance, Oddný Harðardóttir has declared that an operational team will be selected to analyze whether placing submarine cable between mainland Europe or the British Isles and Iceland, is possible or not.