News

OR Extends Risk Management

Early January 2012, Orkuveita Reykjavikur (OR) successfully completed an extensive rates and commodity hedging programme with Dutch bank ING.

Annual Report and Financial Statements 2010

Reykjavik Energy´s Annual Report and Consolidated Financial Statements for the operating year 2010 are now available.

Orkuveita Reykjavíkur – Q1 Consolidated Condensed Financial Statements

Operations of Orkuveita Reykjavíkur (OR) returned better results for Q1 2011 than for the comparative period last year.

Orkuveita Reykjavíkur and owners approve a financing plan

Orkuveita Reykjavíkur‘s (OR) Board of Directors and the municipalities that own the company – The City of Reykjavík, Akranes Town and Borgarbyggð Municipality – have approved an extensive action plan to secure a more solid foundation for the company‘s operation and activities for the period ending at year end 2016 under the difficult conditions currently in the credit markets.

Reykjavik Energy collects fees for water and sewage utility

Previously collected through local authority taxes, fees for water and sewage utility are now collected by Reykjavik Energy.

Improved Financial Results For Orkuveita Reykjavikur

The strengthening of the Icelandic krona and decreasing financial cost ensured that the operation of Orkuveita Reykjavikur (OR) returned a ISK 16.8 billion profit for the first nine months of 2010.

CarbFix Project Receives $1 million Funding

CarbFix among 15 projects to receive funding from U.S. Department of Energy.

Board Approves Economical Measures

Reykjavik Energy´s (RE) Board has approved various measures aimed at strengthening the company´s operations.

Consolidated Financial Statements For The Year 2009

Orkuveita Reykjavikur (Reykjavik Energy)´s consolidated financial statements for the year 2009 confirmed 19 March.

Reykjavík Energy Receive Green Globe Accreditation

The number of visitors to the Hellisheiði geothermal plant has increased year on year...