Hvala is a 55MW hydro power project. It is planned on Hvala river/basin in Northwest, Iceland. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2026 and is expected to enter into commercial operation in 2028. Buy the profile here.
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Description
The project is being developed by HS Orka hf and Vesturverk ehf. The project is currently owned by HS Orka hf with a stake of 70%.
The gross head of the project will be 315m. The project is expected to generate 320 GWh of electricity.
Development status
The project construction is expected to commence from 2026. Subsequent to that it will enter into commercial operation by 2028.
For more details on Hvala, buy the profile here.
About HS Orka hf
HS Orka hf, a subsidiary of Innergex Renewable Energy Inc, is a geothermal power company that produces and distributes electricity and hot water mainly from geothermal sources. The company is headquartered in Grindavik, Iceland.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
