The geothermal energy would be piped to Britain through the world’s longest seabed power cable but would be no more expensive than the next generation of nuclear energy.
The man overseeing the project, Hörður Arnarson, the head of Iceland’s state-owned power producer Landsvirkjun, said that it could be completed by 2020.
He told the Times: “This is a technically challenging project, there’s no doubt, but there is no doubt in our mind that it is doable.”
“Both the length and the depth [of the cable needed] has been tested.”
He added: “All our energy production is renewable, with hydro and geothermal production.
Electricity exports, like water exports or even natural gas, often seem fairly silly.
An often better solution is virtual ‘leccie/gas/water exports. Grow the wheat where it rains and send it where it don’t. Make the fertiliser with your gas and ship that. Or, with ‘leccie, smelt your aluminium and ship that.
Which is what Iceland does indeed do at present. And perhaps they should be doing more of it rather than trying to build the world’s longest undersea ‘leccie cable.