Swedish green energy firm Vattenfall inked a letter of intent with Sweden's Quality Salmon on July 14 to support the construction of its blue-green industrial park for land-based salmon farming in Sotenas.
Vattenfall will build, own and manage the industrial park's electricity function through its 'Power as a Service' solution, which will include a photovoltaic plant, energy storage and charging solutions.
Upon completion, the Lighthouse Finance-backed project will produce up to 100,000 metric tons of land-based salmon per year.
