Promotion in Iceland

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Updated: 19.12.2018

Author: Jörn Banasiak

Summary of support schemes

Subsidy: Iceland offers grants for the exploitation of energy resources and for special projects in the field of economical energy use.

Technologies

All renewable energy technologies are eligible for support. 

Statutory provisions

  •  Act No. 87/2003 (Lög um Orkustofnun - Act on the National Energy Authority)
  • Act No. 514/2003 (Reglugerð um Orkusjóð – Regulations on the National Energy Fund)
  • Orkusjóðurverklagsreglur (Auglýsing um verklagsreglur Orkuráðs við meðferð láns- og styrkumsókna úr Orkusjóði – Notice on Procedures for the Processing of National Energy Fund Applications)
  • Act No. 34/1991 (Lög um fjárfestingu erlendra aðila í atvinnurekstri – Act on Investments in Business Enterprises by Non-Residents)

Iceland
Electricity

Further information