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It would be profitable for Iceland to sell electricity to Europe through undersea cables; although more than one new power station would need to be dedicated to the project to make it worthwhile, a new report claims. It has long been thought possible for Iceland to sell electricity under the sea to other European countries, but that such a project would cost more than it would earn. But a report on energy development which has recently been debated in Alþingi, says that another profitability study should be carried out. Such a study has, however, already been completed. Read More
