AKVA handed €20m follow-on contract by Iceland salmon farmer Laxey
Aquaculture supplier AKVA group has been awarded a €20 million (£16.9m / NOK 234m) contract by Icelandic land-based salmon farmer Laxey EHF related to a second module of a re-use grow-out facility in the Westman Islands, Iceland, AKVA said in a market announcement today.
The realisation of the contract and AKVA’s delivery is subject to Laxey obtaining the necessary financing. AKVA said this condition is expected to be met during March 2025.
The collaboration between Laxey and AKVA group began in 2022 with a contract to build a recirculating aquaculture system (RAS) facility for Atlantic salmon smolts.
Laxey is using a RAS for its smolt facility and a flow-through system for grow-out.
27,000 gwt per year
In April last year the company (formerly known as Icelandic Land Farmed Salmon) announced that it had raised €40m through a private equity placement of shares to finalise funding for the first 4,500-tonne phase of its land-based facility, plus hatchery and post-smolt production.
Laxey aims to produce 27,000 tonnes (head on gutted) of salmon annually by 2030 in a build carried out in six phases on the northeast side of Heimaey, the largest of the Westman Islands.
In December, the company transferred its first batch of smolts into its post-smolt facility at Vidlagafjara, an event that Laxey called “a truly significant milestone”.
