Svartsengi

The Svartsengi geothermal power plant is located in the municipality of Grindavík at the southwestern tip of Iceland, approximately 45 km from Iceland’s capital, Reykjavik. The Svartsengi plant was the first geothermal power plant in the world to combine generation of electricity and production of hot water for district heating.

The total installed electricity production capacity of the Svartsengi Power Plant is 74 MW. The plant also generates 190 MW thermal capacity for district heating, supplying heat to the Reykjanes peninsula and thousands of households. Waste heat from the plant is used for various purposes including at the Blue Lagoon spa facilities located nearby.

The power plant in Svartsengi has been developed in phases since 1978 and includes the following turbines currently in operation:

  • One – 6 MW Fuji back-pressure steam turbine
  • Seven –  1.2 MW Ormat units
  • Two – 30 MW Fuji condensing units

HS Orka hf. sells power to a number of commercial and retail customers including power sold under long-term PPAs with Landsvirkjun, Norðurál and Advania ehf. The long-term contracts with Landsvirkjun and Norðurál expire in 2019 and 2026 respectively.

Energy Geothermal energy
ClientVarious
StatusIn operation
Commissioned1978
Acquisition2018
PPA Expiration-
Capacity - Gross (MW)74
Innergex participation (%)53.9
PartnerJarovarmi (33%) & Fork (13%)

Partnership

The Svartsengi plant is owned and operated by HS Orka hf.  HS Orka hf. is owned by Magma Energy Sweden A.B. (53.9%), Jarðvarmi slhf (33.4%) and Fagfjárfestasjóðurinn ORK (12.7%).