REYKJAVÍK, ICELAND – February 24, 2026 – Landsnet, the operator of Iceland's national power grid, has announced a record-breaking investment year, committing approximately USD 118 million in 2025 to strengthen and modernize the nation's critical electricity infrastructure. An effective and strong transmission grid is essential for the integration of renewable energy sources, such as from wind, geothermal and hydroelectric power in various locations, which are abund nt in Iceland. The ability to transmit electricity efficiently and reliably across the. The Nordic Investment Bank (NIB) is providing Landsnet hf. The announcement, made. By end of 2023 LANDSNET will have 12 sites with fully digital substation solutions. Overview of Icelandic Grid and these projects can be seen in Figure 1. In the last decade LANDSNET has explored the potentials of. The European Investment Bank (EIB) has signed a €100 million loan agreement with Orkuveitan, Reykjavík's main provider of energy and utility services, to finance major investments in sustainable energy and utility infrastructure in the Reykjavík metropolitan area.