According to the Geophysical Institute in Alaska:
Several Solar events have occurred and the disturbances should reach Earth sometime on the 17th or 18th of Feb. Watch the short term auroral forecast for a 1 hour warning. We would expect auroral index 4 or more.
Checking the forecast more precisely Iceland should be perfectly situated for this nights northern lights, directly under the aurora ring. If you can’t make it to Iceland in time but live far up north check out your local forecast and you might get a display.