Background
In 2018, the business made its first private corporate credit investment into the largest renewable energy provider in Iceland, Landsvirkjun.The company dominates domestic markets with a 73% market share, and has over 50 years of experience in building and operating hydro, geothermal and wind power assets.
Impact
Landsvirkjun produces electricity exclusively through clean methods: their portfolio currently includes 14 hydropower plants, three geothermal plants, and two wind turbines; and the company is in the process of assessing new opportunities across the country. Landsvirkjun remain committed to becoming carbon neutral by 2025 and carbon negative by 2030. This would be enough to offset all internal flights within Iceland.