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January 4, 2022

Holt, Iceland

By Carmen

Holt is a 57MW hydro power project. It is planned on Thjorsa river/basin in Iceland. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Hydropower 57 57 Permitting Iceland Landsvirkjun hf

Description

The project is being developed and currently owned by Landsvirkjun hf.

Holt is a run-of-river project. The project is expected to generate 482 GWh of electricity. The project cost is expected to be around $160.985m.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.

About Landsvirkjun hf

Landsvirkjun hf (Landsvirkjun) is a state-owned energy utility that conducts the generation and transmission of electricity in Iceland. It generates electricity through renewable sources such as hydro, geothermal and wind. The company through its subsidiaries offers telecommunications services and undertakes the sales of technical and operational advisory services to third parties and manages general research work, which oversees research and projects for the company and its related companies. It operates electricity transmission and system management through Landsnet hf that offers services to retail sales companies and industrial users. Landsvirkjun is headquartered in Reykjavik, Iceland.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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