Build power line to Europe

http://en.wikipedia.org/wiki/NorNed

http://www.hegnar.no/okonomi/article429098.ece

now the Norwegians are building a second power line to the Netherlands to provide mainland Europe with cheap power. Iceland should do the same, starting with a power line to the Faeroe Island. this distance is around the same as for the Norwegian cable. Iceland would earn a lot more on this than providing the aluminum plants in this country with really cheap power. the Norwegian cable is estimated to be fully paid down in less than 10 years, while the Karahnuka power plant in Reydarfjørdur, East Iceland is estimated to take more than 40 years, because of the really bad deal with the aluminum plant.

i say it is way better to sell our clean power to the Faeroe Islands and later on GB.