Group 1 - The European Investment Bank (EIB) has signed a EUR 100 million loan agreement with Orkuveitan to support sustainable energy and utility infrastructure in Iceland's capital area [1][5] - The investment aims to strengthen critical infrastructure to meet the growing demand for renewable heating, electricity, and hot water due to rapid population growth in the Reykjavík region [2][3] - The funds will enhance geothermal heat production and reinforce the electricity distribution network, aligning with Iceland's goal of carbon neutrality by 2040 [3][4] Group 2 - Orkuveitan is a leading Icelandic energy and utility company responsible for sustainable generation and distribution of electricity, hot water, and geothermal heating [8] - The EIB's financing is part of a long-term program to support Iceland's energy transition and address market challenges related to environmental externalities and secure access to energy services [5][6] - In 2024, the EIB Group mobilized over EUR 100 billion in new investments for high-impact projects, with a significant portion supporting climate action and environmental sustainability [7]

Orkuveitan has published its consolidated financial statements for the year 2024, presenting highly positive results. The Group’s profit increased by 45% from 2023, amounting to ISK 9.3 billion. A dividend proposal of ISK 6.5 billion has been put forth. The Group comprises the parent company, Veitur, Orka náttúrunnar, Ljósleiðarinn, and Carbfix. Its shareholders are the City of Reykjavík, the Municipality of Akranes, and the Municipality of Borgarbyggð. “The excellent operating results last year provide a s ...