65% green electricity first half of 2015

During the first half of 2015, SEV derived 65.2% of its entire electricity production from hydropower and wind.  This is 15 percentage point more than for the same period in 2014, when electricity production from hydropower and wind was 50.2%.

At the same time it should be noted that increased electricity demand resulted in an increase in electricity production of 5% for the first half of 2015, compared to the same time period in 2014. During this period as well, SEV was able to considerably increase its green elecricity production.

SEV’s oil consumption decreased by 4,100 tonnes over the period January to June 2015, compared to the same period in 2014. Electricity production from oil decreased by 26.6% for the first half of 2015, compared to the same period last year.

If one compares actual GWh of only green electricity production for the two time periods, there was a 36.4% increase in production from hydropower and wind for the first half of 2015. If one looks at hydropower and wind separately, electricity production from wind increased 177% for the first half of 2015, compared to the same period in 2014, and electricity production from hydropower increased by 12.7%.

The main reasons for the excellent progress in electricity production from renewable energy resources are the wind turbines at Neshaga and Húsahaga, the expansion of the hydropower plant at Eiði, the new tunnel above Norðskála southwards toward Selatrað, as well as technical enhancements throughout the entire electricity system.