The Chinese-Icelandic aurora observatory (CIAO), a joint Chinese-Icelandic project located at the Kárhóll farm in Reykjadalur, near Akureyri, is reportedly already under construction after local company SS Byggir won the contract for the main building. That, together with a recent visit to the area by the Chinese ambassador, augurs well for the project, that was already supposed to be ready more than a year ago.
Observation activities should begin in autumn 2016.
More on the observatory and the people and organisations behind it in my previous posts on the subject.