Correction: Reykjavík Energy Financial Forecast 2026–2030 | ISK 50 Billion in Annual Investments

Investment Forecast - Total investments for Reykjavík Energy Group are projected to reach ISK 245 billion from 2026 to 2030, averaging nearly ISK 50 billion annually [1] - The financial forecast includes an outlook for the current year and has been approved by the Board of Directors [4] Competitiveness and Sustainability - Reykjavík Energy aims to enhance Iceland's competitiveness by generating more energy and connecting more homes to environmentally friendly utility systems [2] - The company has received an "outstanding" sustainability rating of A3 from Reitun, reflecting its strong performance in environmental, social, and governance factors [5] Financial Growth Projections - Annual revenues are expected to increase from ISK 70.9 billion in 2025 to ISK 96.0 billion in 2030, a growth of 35% [6] - Annual operating expenses are projected to rise from ISK 30.9 billion to ISK 35.6 billion, an increase of 15% [6] - Cash flow from operations is anticipated to grow from ISK 32.2 billion in 2025 to ISK 42.1 billion in 2030, marking a 31% increase [6] - Equity is expected to rise from ISK 262 billion at the end of 2024 to ISK 341 billion by the end of 2030, reflecting a 30% increase [6] Emerging Opportunities - There is a growing interest from parties looking to establish industries in Iceland due to the availability of green energy and carbon storage options [3] - The company hopes that the government's upcoming industrial policy will support the development of green industrial parks, enhancing the sustainability of Icelandic industry [3]