Iceland’s Ministry of Atmosphere, Power, and Local weather has accepted funding of ISK 447 million for eight new geothermal exploration tasks.
Iceland’s Ministry of Atmosphere, Power, and Local weather has confirmed the proposals of the Power Fund’s board on the allocation of subsidies to help efforts on geothermal exploration. A complete of eight tasks will obtain funding with a complete quantity of ISK 447 million (approx. USD 3.25 million).
The undertaking description, proponent, and corresponding subsidy quantities are as follows:
- HEF veitur ehf – Búlandsnes, Djupivogur (ISK 134,840,000)
- Orkubú Vestfjarda – Ísafjördur og Patreksfjördur (Part 1) (ISK 91,333,000)
- Orkubú Vestfjarda – Geirseyri (Patreksfjördur Part 2) (ISK 51,333,000)
- Orkubú Vestfjarda – Ísafjördur (Part 2) (ISK 45,333,000)
- Vopnafjarðarhreppur – Selárlaug (ISK 40,000,000)
- Grundarfjarðarbær – Power substitute of swimming pool, major faculty, {and gymnasium} at Grundarfjörður (ISK 34,000,000)
- Kaldrananeshreppur – Heating system of Baejartorforun (ISK 25, 289,000)
- Skaftárhreppur – Geothermal analysis in Skaftárhreppi
In Could of this 12 months, the minister requested that the Power Fund could be accountable for the implementation of efforts within the seek for and use of geothermal power within the years 2023-2025, the place the main focus could be on supporting tasks that had the purpose of beginning the usage of geothermal warmth for normal home heating in areas the place now electrical energy and/or oil is used for central heating.
Gudlaugur Thór Thórdarson, Minister of the Atmosphere, Power and Local weather remarked, “Iceland has achieved nice success in the usage of geothermal power for home heating, and over 90% of the nation’s inhabitants has entry to a heating system. Nevertheless, it’s the case that we’ve been sleeping on the value for the previous twenty years. That is the primary effort in geothermal exploration within the final 15 years, and as said within the ÍSOR report earlier this 12 months, the vast majority of the nation’s heating utilities are dealing with difficulties within the coming seasons. Previously 10 years, we’ve backed heating prices amounting to about 2.5 billion per 12 months. Now we’re pushing ahead in geothermal points once more.”
Supply: Cupboard of Island
