Hitaveita Suðurnesja
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Hitaveita Suðurnesja was an Icelandic energy company. The largest shareholder was
Reykjanesbær Reykjanesbær () is a municipality on the Southern Peninsula (''Suðurnes'') in Iceland, though the name is also used by locals to refer to the suburban region of Keflavík and Njarðvík which have grown together over the years. The municipalit ...
. The company was founded as a geothermal energy firm in the southwest of Iceland in 1974. It built a power plant at Svartsengi to tap the geothermal energy in the area, and was completed in 1976. It was reportedly the first power plant in the world of its kind. It produced and distributed heating and electricity for the entire Sudurnes region. In May 2008, Parliament passed Act no. 58/2008, amending some laws on natural resources and energy. As a result, Hitaveita Suðurnesja was divided into two independent companies, HS Utilities Ltd., distributing electricity, and
HS Orka Alterra Power Corp. a subsidiary of Innergex Renewable Energy Inc., is a diversified renewable power generation company based in Vancouver, British Columbia, Canada. It was formed in 2011 through the merger of Magma Energy Corp. and Plutonic P ...
, heating and freshwater, which came into effect on 1 July 2008.


References

Defunct energy companies of Iceland Energy companies established in 1974 1974 establishments in Iceland 2008 disestablishments in Iceland Geothermal energy in Iceland Energy companies disestablished in 2008 {{energy-company-stub