Potential offtaker

Íslandsbanki

www.islandsbanki.is

Estimated electricity consumption

N/A

Countries of production presence

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Íslandsbanki is a leading financial institution in Iceland that offers a wide range of corporate banking services to its clients. The bank has been operating in Iceland for over 140 years and has established itself as a reliable partner for businesses of all sizes. With a focus on sustainability and decarbonisation, Íslandsbanki has been at the forefront of promoting renewable energy and corporate energy solutions in Iceland.

One of the key areas of focus for Íslandsbanki is decarbonisation. The bank recognises the importance of reducing carbon emissions and transitioning towards a more sustainable future. To this end, Íslandsbanki has developed a range of products and services that support the decarbonisation efforts of its clients. These include financing for renewable energy projects, energy efficiency improvements, and other sustainability initiatives. The bank also offers advisory services to help clients develop and implement their decarbonisation strategies.

Corporate energy is another area where Íslandsbanki has been active. The bank offers a range of solutions to help businesses reduce their energy costs and improve their energy efficiency. These include financing for energy-efficient equipment and technologies, as well as advisory services to help clients identify opportunities for energy savings. Íslandsbanki has also been a pioneer in the development of corporate power purchase agreements (PPAs) in Iceland. PPAs allow businesses to purchase renewable energy directly from producers, providing a reliable and cost-effective source of clean energy.

Renewable energy is a key focus area for Íslandsbanki. Iceland has abundant renewable energy resources, including geothermal and hydroelectric power, and the bank has been instrumental in supporting the development of these resources. Íslandsbanki has financed numerous renewable energy projects in Iceland, including geothermal power plants, wind farms, and hydroelectric facilities. The bank also offers advisory services to help clients identify and develop renewable energy projects.

In addition to its focus on sustainability and decarbonisation, Íslandsbanki offers a wide range of traditional corporate banking services. These include financing for working capital, investment, and expansion, as well as cash management and foreign exchange services. The bank also offers a range of advisory services, including mergers and acquisitions, debt and equity capital markets, and risk management.

Íslandsbanki has a strong commitment to responsible banking and has been recognised for its efforts in this area. The bank is a signatory to the United Nations Principles for Responsible Banking and has been awarded the highest rating by the Global Real Estate Sustainability Benchmark (GRESB) for its sustainability performance. The bank has also been recognised for its efforts to promote gender equality and diversity in the workplace.

Overall, Íslandsbanki is a leading financial institution in Iceland that offers a wide range of corporate banking services. The bank has a strong focus on sustainability and decarbonisation, and has been at the forefront of promoting renewable energy and corporate energy solutions in Iceland. With a commitment to responsible banking and a range of traditional corporate banking services, Íslandsbanki is a reliable partner for businesses of all sizes.

✓ Science Based Targets member
✓ Declared Net Zero commitment