Swedish land-based salmon firm Quality Salmon inked a deal with the local municipality to lease out land, making way for its potential 100,000 metric ton facility.

Sotenas Municipality is bullish about the new jobs the project will create and an investment of SEK 17 billion (€1.6 billion/$1.8 billion) to SEK 20 billion (€1.9 billion/$2.1 billion).

Lighthouse Finance-backed Quality Salmon can now proceed with its application for environmental permission.