SEV
Company description
The power company SEV is an inter-municipal community, owned by all the municipalities in the Faroe Islands, and therefore owned by the people of the Faroe Islands.
SEV is based on joint and several liability, a democratic organisation. Most of the profit, from sales of electricity, is spent on future developments of supply productions and the power supply system. In this way everybody profits, and developments can be carried out parallel to progress in society, which requires more demand for electricity.
SEV is obliged to supply power to all citizens, companies and organisations 24-hours a day. SEV has sole responsibility for power quality and the power supply system in the Faroe Islands.
Company details
Participation in projects
Projects as Project Owners per Country ()
Projects as Project Owners per Subsector ()
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The company has not participated in any projects.
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Company updates
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August 25, 2022
SEV secures fund for 70 MW pumped hydro storage project in Faroe Islands
SEV has signed a DKK250 million (US$33.4 million) loan agreement with Nordic Investment Bank (NIB) for the 70 MW Myruverkio II pumped hydroelectric storage project in Vestmanna, Faroe Islands, Denmark...
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