Icelandic bank releases 3rd annual U.S. Geothermal Energy Market Report
The Icelandic bank, Islandsbanki (formerly Glitnir) has issued its third annual U.S. Geothermal Energy Market Report in continuation of its research activities in geothermal energy. The report provides an updated overview on geothermal energy development in the United States, highlighting not only the increasing amount of activity in the sector, but also the elements that have helped spur the development.
In the U.S today there are around 144 geothermal energy projects in development with a combined capacity of up to 6,400 MW, which is an increase of about 60 percent compared to last year.
Islandsbanki takes large stake in Icelandair Group
Two businesses which had major investments in Icelandair Group have had their investments seized – leaving Islandsbanki Bank holding a 47 percent stake in Icelandair Group.
In a press release today, the Bank stresses that Icelandair Group does not bear responsibility for the collapse of two shareholding companies and that business will continue as usual. Islandsbanki claims to be relatively happy with the situation.