Landsvirkjun Power was founded in 2007 as a subsidiary of Landsvirkjun, the National Power Company of Iceland, to manage its international operations. The purpose of Landsvirkjun Power is primarily to provide the expertise needed in the development and operations of power schemes.
Landsvirkjun was founded in 1965 as the National Power Company of Iceland. The company builds, runs and refurbishes hydroelectric and geothermal projects. It now owns and operates 13 hydroelectric and 2 geothermal power stations in Iceland with an installed capacity of around 2,000 MW.