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. The financing will enable Orkuveitan’s subsidiary, Veitur Utilities, to expand and modernise electricity distribution networks and geothermal district heating systems in response to rising demand across the rapidly growing capital region.
