Faroe Islands the economy remains vulnerable. One of the biggest private companies of the Faroe Islands is the salmon farming company Bakkafrost, which is the largest of the four salmon farming companies in the Faroe Islands and the eighth biggest in the world. Petroleum found close to the Faroese area gives hope for deposits in the immediate area, which may provide a basis for sustained economic prosperity. 13% of the Faroe Islands' national income comes as economic aid from Denmark. This corresponds to roughly 5% of GDP. Since 2000, the government has fostered new information technology and business projects to attract new
Energy in the Faroe Islands as the islands have a goal of 100% green electricity production by 2030. The municipality-owned company SEV is the main electricity supplier in the Faroe Islands with 97% of the total production, with private producers supplying the rest. The main electricity grid on the Faroe Islands has the highest voltage of 60 kiloVolt, of which there is 90 km overhead wire and 6 km cable. The 20kV system is 460 km and reaches most towns in the main islands, whereas the 10 kV system covers the connected outlying islands, and Torshavn. Due to extreme weather conditions and its lack of