Isolated from any other country's power networks, Iceland has this winter faced a new predicament: running out of electricity. | Fin24
Iceland is facing electricity shortages this winter.The country is fuelled by geothermal power and hydro generation and even considered exporting electricity.
Sitting in the Atlantic Ocean, 850 kilometers from the Scottish coast, the country had to be self-sufficient in electricity generation, and power was always so plentiful that a large aluminium-smelting industry emerged half a century ago to churn wealth for Icelanders, who until then had relied on fishing for their livelihoods.
But this winter, rising demand from an electrifying society and power-hungry industries combined with low reservoir levels after summer droughts meant the country spent four months curtailing power to certain industries, including fish-meal factories and district heating plants in some remote areas. The need to increase generation capacity"is quite urgent," Hordur Arnarson, chief executive officer of national power company Landsvirkjun HF, said in an interview. Still, there's no quick respite in sight, as it will take at least four years to bring new generation capacity - up to 300 megawatts - online, he said.
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