Most of the big Icelandic firms such as Baugur Group, FL Group and Moderna went bankrupt after the financial meltdown in Iceland when the three main banks Kaupthing, Glitnir and Landsbanki collapsed. One year later, and now a lot of the smaller Icelandic businesses are beginning to generate more energy ... Read More...
Glitnir
It is our pleasure to present our second annual U.S. Geothermal Energy Market Report. The overall development of geothermal energy is very positive in the US. The installed geothermal power generation capacity has increased by 4% to 2,958 MW. The overall number of projects has increased and projects currently underway ... Read More...
The biggest and most important geothermal energy event in the US will take place in Nevada between October 5th and 8th. The 2008 Geothermal Energy Conference & Expo will be held in Reno, Nevada – with hundreds of geothermal experts and businesses expected to attend from all around the world. The annual ... Read More...
Glitnir Bank, a leading provider of financing and advisory services to the geothermal energy industry, announced this week that it has co-arranged a US$180 million loan for Nevada Geothermal Power with Morgan Stanley & Co. Glitnir continues to lead the global financial community in support of the geothermal energy industry. As a ... Read More...
Glitnir Bank, the leading provider of financing and advisory services to the global seafood industry, advised Seattle-based American Seafoods Group on the acquisition of the Alaskan pollock assets of Yardarm Knot, Inc. The acquisition of these assets by American Seafoods Group (ASG) will enable it to further its position in the ... Read More...
Glitnir strengthens its global network of expertise within the seafood industry by appointing two new business directors for Chile and Peru to be based in Santiago and Lima respectively. Glitnir is applying for representative office licenses in Chile and Peru in order to follow up on the bank's success in Latin ... Read More...
Glitnir has released its financial results for the second quarter of 2008. FINANCIAL HIGHLIGHTS • Net profit ISK 7.6 bn. up 29,3% from Q1 08 • Record quarter for net operating income, ISK 26.9 bn., a 5% increase from ISK 25.6 bn. in Q1 08 • Return on equity 17,0% compared 15,0% in Q1 08 • Net Interest ... Read More...
Nobel Peace Prize laureate Dr. Rajendra Pachauri joins the board of Glitnir's new research fund for global environmental projects. Nordic bank Glitnir has launched a new savings account in Norway and Iceland that is designed to help the environment. The Save&Save account offers a high rate of interest whilst simultaneously providing capital ... Read More...
Glitnir will host the following presentations and webcasts in connection with the publication of the Group's results for the first half of 2008. An English version of the presentation will be available at www.glitnirbank.com on the morning of Friday August 1st from 7:30 a.m. (8:30 GMT). Presentation in Reykjavík, Iceland and webcast Lárus ... Read More...
The President of Iceland, DOE Assistant Secretary Alexander Karsner, and Dan Reicher, Director of Google.org Climate Change Initiative, speaking at a Geothermal Renewable Energy Workshop organised by Glitnir and GEA. Demonstrating the widespread support for renewable, geothermal energy, the President of Iceland as well as officials of the current Bush ... Read More...
Glitnir Research has presented a new report on the Icelandic economy entitled “Equilibrium reached in two-year stagnation period”. Nordic Bank Glitnir has issued a report detailing the predicted future of the Icelandic economy. “A two-year cooling off period has begun in the Icelandic economy,” it reads. “A period when the economy will ... Read More...