Reykjavík Energy

The battle for control of Iceland’s energy

November 7, 2009

My latest post on the THINK platform – the tragic story of HS Orka. In the last post I wrote about how a set of investors, meticulously assisted by the ruling powers in Iceland, managed to gain a controlling share in HS Orka, a geothermal energy company supplying green energy to Iceland’s southwest peninsula, Reykjanes, [...]

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Of corruption, stupidity and the value of green energy

September 14, 2009

Lest you think the entire HS Orka debacle started with the entrance of Magma Energy stage left, think again. The sale of Iceland’s resources actually began in 2007, when the Icelandic government – headed by the Independence Party – decided to sell its share in the geothermal power company HS Orka. Curiously, one of the [...]

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Lowest Energy Prices!! – Or how to sell yourself, Icelandic style

September 11, 2009

Ok, so it’s been a while since I’ve written a really depressing post, right? So it’s about time, right? Fortunately the majority in the Reykjavík City Council is making it real easy for me.  Because they’ve gone ahead and approved that appalling sale of nearly 50 percent in HS Orka to Magma Energy of Canada [...]

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More on that ludicrous Magma HS Orka deal

August 23, 2009

It’s been a busy couple of days here at the Weather Report and I realize I’ve been totally remiss in keeping you posted on the big cliffhanger under discussion in the last post [apologies for that]. Meanwhile I bet you’re all just hanging on the edges of your seats waiting to know DID THOSE FOOLISH [...]

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