According to the International Energy Agency (IEA), the share of alternative energy in the energy balance of Iceland is almost 100%, to be more precise, it is 99,99%. The main source of power generation is hydroelectric power stations, which accounted for 71% of all produced energy. Next source isgeothermal sourceswith a share of the overall balance of 28%. Much smaller amounts account for wind energetics, while a share of oil and coal energy sources in Iceland is quite tiny – less than 0,01%.

For instance, we have previously reported that the Icelandic Icewind company developed a fundamentally new type of wind turbine, which public transport stops and telecommunication towers are equipped with in Reykjavik.

ʺIceland is a country that fully provides itself with alternative energy, which is produced from geothermal sources,ʺ Bloomberg noted.

The Federation of Energy Companies believes that the role of ‘green’ energy in Iceland is different from other countries in Europe, because they are not yet ready to completely give up fossil fuels such as coal, oil and gas. Currently, these are the main sources of raw materials for more than half of European countries.