Annual Meeting 2024: Iceland's Unique Position in Renewable Energy

7 October 2024

At the recent Orkustofnun annual meeting, Director General Halla Hrund Logadóttir highlighted Iceland's unique position in utilizing renewable energy sources. She emphasized that the country's abundant energy resources have strengthened its economy, improved the quality of life, and fostered innovation and expertise, now shared globally. Iceland's ratio of renewable energy is exceptional on a global scale, laying the foundation for the nation's future energy strategy.

Energy Policy and Future Focus
In her speech, Halla Hrund also discussed Iceland's energy policy and the importance of the Master Plan (Rammaáætlun). She pointed out that the Master Plan ensures a balance between resource utilization and conservation, with major projects in hydropower, geothermal energy, and wind energy under consideration. She stressed the need for informed and well-considered decisions to ensure long-term resource sustainability for the benefit of society.

Energy Security and Challenges
Halla emphasized the importance of enhancing Iceland's energy security in light of recent challenges, such as severe weather and low water levels in Landsvirkjun’s reservoirs. She noted that Orkustofnun is working to increase efficiency and update data to improve access to information and strengthen energy security.

Wind Energy Planning
Halla also addressed the future potential of wind energy in Iceland, both on land and offshore, and how the government is working to define areas for wind farms. She highlighted the importance of collaboration and consensus among all stakeholders, including municipalities, environmental organizations, and industry. There are great expectations for wind energy to become a key part of Iceland's future energy strategy.

Collaboration and Social Consensus
Halla further underlined the importance of collaboration and social consensus regarding the utilization and protection of natural resources. She encouraged that decisions related to resource management be based on data and information, with the overall well-being of society in mind.

The meeting was well-attended, with diverse presentations and discussions on energy issues, future prospects, and challenges.

Halla Hrund's presentation slides can be viewed here:

Halla Hrund Logadóttir's Presentation Slides

The recording of the entire meeting, including presentations from all speakers, is available at the following link: Watch the full meeting.