NYT writes about Islandsbanki´s Geothermal Energy Report

11.11.2009

On the 11th of November, the On-line edition of the New York Times published an article on Islandsbanki´s Geothermal Energy Report.

The focus of the article is on the wast potentials of the USA to generate electricity from Geothermal Energy, which is estimated to be 517,800 megawatts compared to only 3,100 megawatts today. This would though only be possible with the development of new enhanced geothermal systems according to Islandsbanki´s report.

The main problem of this industry has been the large development cost and following the credic crisis, access to funding has been scarse. But with the new stimulus package presented by the US Government, banks might get back into the business with increased lending.

The NYT reporter interviews, among others, Alex Richter, in the Islandsbanki's Sustainable Energy team, wich comments on the possibilities of funding and other issues regarding the Geothermal Energy business in the US

The NYT article

The report is available online at: www.islandsbanki.is/energy.

Older news

Íslandsbanki issues EUR 300m bond and announces partial buyback of its 2020 EUR 500m bond

04.04.2019 - IR Releases
Íslandsbanki has today issued a EUR 300m 1.125% fixed rate senior unsecured bond for 3 years, at a spread of 130 basis points over mid-swaps.More

Annual General Meeting 2019 - agenda, candidates and proposals

19.03.2019
The Annual General Meeting of Íslandsbanki hf. will be held on March 21, 2019 at the Bank's headquarters, Hagasmári 3, 201 Kópavogur at 15:00.More

Publication of 2018 Annual Report and Pillar 3 Report

13.02.2019 - IR Releases
Íslandsbanki has published an Annual Report and Pillar 3 Report for 2018. More

Annual Results 2018

13.02.2019 - IR Releases
The Bank and Íslandssjóðir turned in a good operating performance during the year, with a consolidated profit of ISK 10.6bn, while operational...More

Publication of 2018 year-end results

30.01.2019 - IR Releases
Close of business Wednesday, 13 February 2019More

Íslandsbanki to terminate credit rating contract with Fitch Ratings

30.01.2019 - IR Releases
Íslandsbanki informs that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki...More

Ásmundur Tryggvason to direct Corporate and Investment Banking

23.01.2019
Ásmundur Tryggvason has been engaged as director of Corporate and Investment Banking at Íslandsbanki. He replaces Vilhelm Már Þorsteinsson, who will...More
Netspjall