Iceland Seeks Second Power Cable Study to Tap European Markets

Iceland will order a second study on building a power cable to Scotland after a feasibility report showed a wide disparity in the profitability of the project.

There’s a “considerable degree of uncertainty” with an estimated range of 4 billion kronur ($32 million) to 76 billion kronur in expected annual export revenue, Industry Minister Ragnheidur Elin Arnadottir said in an interview in Reykjavik.