Iceland and the EIB

We also helped Reykjavik Energy Geothermal expand two geothermal power plants outside Reykjavik and refurbish the district heating system and electricity distribution system in Reykjavik.
Aside from promoting renewable energy, this project also contributes to economic growth and diversification in a remote and less-developed region.

Our commitment in Iceland also includes financial support for transport projects, such as a loan to the national airport company Isavia in support of the Keflavik Airport Extension.
It is one of the country’s biggest infrastructure projects, which is crucial in order to cater for future growth in traffic and to improve passenger service standards as well as being vital for the economy and the safeguarding of employment especially during the COVID-19 crisis.