HS Orka

Those included have demonstrated evidence of leadership and innovation along with outstanding achievements across investment activity, asset management and fundraising. Ankur has demonstrated all of this in abundance throughout his career. He was previously part of the infrastructure teams at...

HS Orka is Iceland’s largest privately owned producer of renewable energy and has been producing 100% renewable energy for over 45 years. It owns and operates two geothermal power plants, Svartsengi and Reykjanes Power Plant on the Reykjanes Peninsula, a...

Tim Power and Ankur Ajmera have been promoted to Partner. Tim joined Ancala in 2015, while Ankur joined shortly afterwards in 2016. Both Tim and Ankur have played a pivotal role in identifying and completing successful investments, developing and enhancing...

HS Orka has also made three senior management appointments, with Tómas Már Sigurdsson joining as Chief Executive Officer, Björk Þórarinsdóttir as Chief Financial Officer and Sunna Björg Helgadóttir as Chief Technology Officer. The new financing comprises a term loan, capex facility...

The transaction follows Jarðvarmi’s exercise of its right of first refusal to acquire a 53.9% interest in HS Orka from Alterra Power Corp, a subsidiary of Innergex Renewable Energy Inc. Jarðvarmi has also agreed to acquire a 12.7% interest in...