| Vatnsfell Power Station | |
| Location Map: | Iceland |
| Coordinates: | 64.1962°N -19.0326°W |
| Country: | Iceland |
| Location: | Highlands of Iceland |
| Status: | O |
| Construction Began: | 1999 |
| Opening: | 2001 |
| Dam Height: | 300NaN0 |
| Dam Length: | 7300NaN0 |
| Dam Crosses: | Harnessed river |
| Spillway Count: | 2 |
| Spillway Type: | penstock |
| Res Name: | Lake Thórisvatn |
| Res Catchment: | 28330NaN0 |
| Plant Hydraulic Head: | 670NaN0 |
| Plant Operator: | Landsvirkjun |
| Plant Commission: | 2001 |
| Plant Turbines: | 2 x 45 MW |
| Plant Capacity: | 90 MW |
Vatnsfell (in Icelandic pronounced as /ˈvasːˌfɛtl̥/) is an Icelandic hydroelectric power station situated in the Highlands of Iceland, at the south end of lake Þórisvatn, just before the Sprengisandur highland road.
The power station went online in 2001. It is run by Landsvirkjun and generates electricity during the peak demand winter months. The installed capacity is 90 MW, and the head is .[1] Lead engineering services were provided by Mannvit Engineering.[2]