Magma defies protests, strengthens grip on Icelandic geothermal gold mine

clock • 1 min read

Canadian firm edges towards completing controversial takeover of HS Orka with latest $87m deal

Magma Energy Corp yesterday increased its holding in Icelandic geothermal firm HS Orka hf, despite on-going protests at its proposed takeover of the firm. The company announced that its subsidiary...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Poll: Public backs clean power to strengthen UK energy security

Poll: Public backs clean power to strengthen UK energy security

Almost two thirds of voters think expanding the UK's clean power capacity leads to enhanced energy security

James Murray
clock 10 June 2026 • 4 min read
Schneider Electric and Kraken join forces to advance grid flexibility solutions

Schneider Electric and Kraken join forces to advance grid flexibility solutions

Partners aim to unlock grid capacity by providing utilities and distribution system operators with new levels of visibility and control over the network

clock 10 June 2026 • 2 min read
How Europe's reliance on gas could increase electricity bills by up to €120 a year

How Europe's reliance on gas could increase electricity bills by up to €120 a year

Italy, Ireland, and the UK most exposed to energy bill increases given gas continues to dominate their wholesale power markets, IEEFA claims

Stuart Stone
clock 09 June 2026 • 5 min read