Iceland currently generates all of its power from a mixture of hydroelectric and geothermal plants, giving it impeccable green/sustainable credentials. The nation generates 17 terawatt hours (TWh) per year of electricity, but there's serious talk of doubling that capacity by 2025, setting the stage for Iceland to export carbon-free power to Europe.
Last week, I was in Iceland as the guest of Verne Global and Colt. Verne Global has built the industry's first carbon-neutral, 100 percent renewable-powered wholesale data center campus in Keflavik, Iceland. The 45-acre complex is just minutes from the international airport and west of Reykjavik, the capital. During the press event, reporters and analysts from Europe and the United States spent close to three days learning about Iceland's power infrastructure and the nation's economy.
Today, Iceland's three main industries are fishing, tourism, and aluminum smelting. The country has a series of hydroelectric plants that supply around 70 percent of the power mix, with the rest supplied by geothermal. As a result, power is cheap as well as clean, with a rough "list price" cost of about $37 per megawatt hour – about a half to a third of what you'd find the price of power in Europe... Read More
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