Geothermal energy to Scotland?
ICELAND’S drive to harness geothermal energy – taking the heat from molten rock below the Earth’s crust to power electricity generation may be another renewable energy source for Scotland and beyond.
Of course there is the small matter of a 1000 mile cable across a particularly icy sea at a cost of around £1.3bn. The state-owned power company, Landsvirkjun, sells just 17 per cent of its electricity to households and local industry. The rest goes mostly to aluminium smelters owned by US giant Alcoa and other foreign companies lured to Iceland by its abundant supply of cheap geothermal energy. Stein Agust Steinsson, a Landsvirkjun manager said “Prices are so low here that it is normal we should want to sell to Europe and get a better price. It is not good to put all our eggs in one basket.”
The issue is also controversial in Iceland with local groups not keen on turning Iceland into a big power station.