Geothermal
Nesjavellir Geothermal power plant- Iceland
Nesjavellir Geothermal Power Plant is a geothermal power station located in Iceland, about 30 kilometers east of Reykjavik. It is one of the largest geothermal power plants in Iceland and generates approximately 120 MW of electricity and 1,100 liters of hot water per second.
The power plant utilizes the high-temperature geothermal reservoirs of the Hengill volcanic system, which is located beneath the Nesjavellir area. The reservoirs consist of superheated water and steam that are extracted from wells drilled into the ground. The steam is then used to power turbines, which generate electricity, while the hot water is used for heating and other purposes.
One of the unique features of the Nesjavellir Geothermal Power Plant is that it is not only used for generating electricity, but also for supplying hot water to the nearby capital city of Reykjavik. The hot water is transported through a network of pipelines to homes and buildings in the city, providing heating and hot water for the residents.
In addition to its energy production, the Nesjavellir Geothermal Power Plant is also a popular tourist attraction, with visitors able to take guided tours of the facility and learn about the geothermal energy generation process.
History of Nesjavellir Geothermal power plant- Iceland
The history of the Nesjavellir Geothermal Power Plant dates back to the 1950s when the Icelandic government started exploring the country's geothermal resources for energy production. The Hengill volcanic system, which is located beneath the Nesjavellir area, was identified as a potential source of geothermal energy.
In the 1970s, the Icelandic government commissioned a feasibility study to assess the potential of the Hengill geothermal reservoirs for power generation. The study concluded that the reservoirs had the potential to produce enough electricity to meet the country's growing energy demands.
Construction of the Nesjavellir Geothermal Power Plant began in 1987, and the first phase of the project was completed in 1990. The power plant initially had a capacity of 60 MW, which was later increased to 120 MW with the addition of more turbines and generators.
In addition to electricity generation, the Nesjavellir Geothermal Power Plant was also designed to supply hot water to the nearby capital city of Reykjavik. The construction of a 27-kilometer pipeline to transport the hot water to Reykjavik was completed in 1997.
Over the years, the Nesjavellir Geothermal Power Plant has undergone several upgrades and improvements to increase its efficiency and capacity. Today, it is one of the largest and most efficient geothermal power plants in Iceland, providing a significant portion of the country's electricity and hot water needs.
Nesjavellir Geothermal power plant- Iceland, operated by
The Nesjavellir Geothermal Power Plant is operated by Orka Náttúrunnar (ON Power), which is a subsidiary of Reykjavik Energy. The power plant is located in the south-west of Iceland, about 30 km from the capital city of Reykjavik, and it is one of the largest geothermal power plants in the country. It has a capacity of 120 MW of electricity and 300 MW of thermal energy, and it provides electricity and hot water to the capital region of Iceland.
The Nesjavellir Geothermal Power Plant utilizes the natural energy resources of the Nesjavellir area, which is a high-temperature geothermal field located in a volcanic system. The plant uses geothermal steam and hot water from the ground to power turbines and produce electricity, which is then distributed through the Icelandic power grid. The remaining hot water and steam is used for district heating, which provides hot water and heating to homes and businesses in the surrounding area.
The power plant has been in operation since 1990 and has played a significant role in the transition of Iceland from a fossil fuel-based energy system to a renewable energy-based system. The country now generates almost 100% of its electricity from renewable energy sources, with geothermal energy accounting for about one-third of that total.
Nesjavellir Geothermal power plant- Iceland, financial and international investment
The Nesjavellir Geothermal Power Plant was funded by a combination of private and public funds. The total cost of the project was about 400 million USD, with the majority of the funding coming from the Icelandic government, the Nordic Development Fund, and the European Investment Bank.
The power plant has also attracted international investment, with companies from around the world investing in Iceland's geothermal energy sector. For example, in 2019, the U.S. company Geothermal Development Associates (GDA) announced plans to invest up to 500 million USD in the development of geothermal energy projects in Iceland, including the expansion of the Nesjavellir Geothermal Power Plant.
In addition to attracting foreign investment, the Nesjavellir Geothermal Power Plant has also been a source of revenue for the Icelandic government. The power plant is owned and operated by ON Power, which is a subsidiary of Reykjavik Energy, a publicly owned utility company. The profits generated by the power plant are used to fund the operations of Reykjavik Energy and to support the development of new renewable energy projects in Iceland.
Overall, the Nesjavellir Geothermal Power Plant has been a successful example of how geothermal energy can be used to generate electricity and provide heating to communities, while also attracting investment and supporting economic growth. It has also helped Iceland to become a leader in renewable energy and to reduce its dependence on fossil fuels.