Orkuveita Reykjavikur - Company Profile
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Orkuveita Reykjavikur (Orkuveita) generates and distributes electricity, heat and water in Iceland. Diversified range of products and services; and compliance with quality standards are its major strengths but limited geographic presence could be a cause of concern. Nevertheless, growing demand offshore wind energy and renewable energy initiatives in Europe could provide the company significant opportunity to increase its operational reach and profitability. However, increase in competition, volatility in electricity prices and government regulations and competition poses a major threat to the company’s operations and financial condition.
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