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Energy assets in Iceland

38 tracked assets, largest first. Country overview →

Iceland generation mix by capacity

hydro: 1.9 GW (69.7%)geothermal: 839 MW (30.3%)2.8 GWtotal
  • hydro1.9 GW69.7%
  • geothermal839 MW30.3%

Installed capacity of operating assets, not electricity generated — a GW of solar and a GW of gas do not produce the same energy in a year.

Capacity built per year

BuiltUnder construction

2.8 GW operating across 38 tracked assets, 138 MW under construction · last five years down 55% on the five before.

0.20.40.50.7GW1990: 0 MW built1991: 150 MW built1992: 0 MW built1993: 5 MW built1994: 0 MW built1995: 0 MW built1996: 0 MW built1997: 0 MW built1998: 60 MW built1999: 155 MW built2000: 30 MW built2001: 90 MW built2002: 0 MW built2003: 0 MW built2004: 0 MW built2005: 30 MW built2006: 190 MW built2007: 723 MW built2008: 120 MW built2009: 0 MW built2010: 0 MW built2011: 90 MW built2012: 0 MW built2013: 0 MW built2014: 95 MW built2015: 0 MW built2016: 0 MW built2017: 45 MW built2018: 145 MW built2019: 0 MW built2020: 0 MW built2021: 0 MW built2022: 0 MW built2023: 30 MW built2024: 0 MW built2025: 55 MW built2026: 0 MW built19901995200020052010201520202025
Cumulative operating capacity
GW13
Hover a bar for the year.

Built from assets operating today, by commissioning year — plants that closed before now are not in the data, so early years show only what survived. The forward bars are capacity physically under construction, not a forecast. A further 138 MW is under construction with no stated completion year. 30 MW of operating capacity has no commissioning year and sits outside the curve. 1 asset has an announced retirement date; closures are not otherwise tracked, so no net-capacity line is drawn.

96% of Iceland’s tracked capacity has an owner recorded.

AssetCapacityOwner
Fljótsdals hydroelectric plant690 MWLandsvirkjun
Búrfell I hydroelectric plant270 MWLandsvirkjun
Hrauneyjafoss hydroelectric plant210 MWLandsvirkjun
Blanda hydroelectric plant150 MWLandsvirkjun
Sigalda hydroelectric plant150 MWLandsvirkjun
Sultartangi hydroelectric plant125 MWLandsvirkjun
Búrfell II hydroelectric plant100 MWLandsvirkjun
Búðarháls hydroelectric plant95 MWLandsvirkjun
Hvammur hydroelectric plant93 MWLandsvirkjun
Vatnsfell hydroelectric plant90 MWLandsvirkjun
Svartsengi geothermal power plant55 MWHS Orka
Reykjanes geothermal power plant50 MWHS Orka
Reykjanes geothermal power plant50 MWHS Orka
Írafoss hydroelectric plant48 MWLandsvirkjun
Hellisheiðarvirkjun geothermal power plant45 MWOrkuveita Reykjavikur
Hellisheiðarvirkjun geothermal power plant45 MWOrkuveita Reykjavikur
Hellisheiðarvirkjun geothermal power plant45 MWOrkuveita Reykjavikur
Hellisheiðarvirkjun geothermal power plant45 MWOrkuveita Reykjavikur
Hellisheiðarvirkjun geothermal power plant45 MWOrkuveita Reykjavikur
Hellisheiðarvirkjun geothermal power plant45 MWOrkuveita Reykjavikur
Þeistareykir geothermal station45 MWLandsvirkjun
Þeistareykir geothermal station45 MWLandsvirkjun
Þeistareykir geothermal station45 MWLandsvirkjun
Hellisheiðarvirkjun geothermal power plant33 MWOrkuveita Reykjavikur
Krafla geothermal power plant30 MWLandsvirkjun
Krafla geothermal power plant30 MWLandsvirkjun
Nesjavellir geothermal power station30 MWOrkuveita Reykjavikur
Nesjavellir geothermal power station30 MWOrkuveita Reykjavikur
Nesjavellir geothermal power station30 MWOrkuveita Reykjavikur
Nesjavellir geothermal power station30 MWOrkuveita Reykjavikur
Reykjanes geothermal power plant30 MW—
Svartsengi geothermal power plant30 MW—
Svartsengi geothermal power plant30 MW—
Svartsengi geothermal power plant6 MW—
Bjarnarflag geothermal power plant5 MWLandsvirkjun
Svartsengi geothermal power plant4.8 MW—
Svartsengi geothermal power plant3.6 MWHS Orka
Svartsengi geothermal power plant2 MW—