Tuesday, December 21, 2021

Green power agreement between salmon farming company and energy supplier

Salmon Evolution, a Norwegian land-based salmon farming company, has entered into a green power supply agreement with Statkraft, the largest generator of renewable energy in Europe and is owned by the Norwegian state.

The agreement ensures 100 percent renewable energy at Salmon Evolution's farming facility at Indre Harøy, expected to be operational from March 2022. Additionally, the electricity will be set at a fixed price and cover the salmon farming company's needs for 2022 and 2023.

The electricity due to supply Salmon Evolution's farm is going to come from Statkraft's hydropower plant in the Rauma Municipality, which is only 37 miles from Indre Harøy.

Image credit: Salmon Evolution

The CEO of Salmon Evolution, Mr Trond Håkon Schaug-Pettersen, said of the project: 'The execution of a green power purchase agreement directly with Statkraft's Nordic Origination team is yet another strong testament to Salmon Evolution's credibility in the market.'

He added, 'Furthermore, this agreement is a great example of delivering on our vision, Extending the Ocean Potential, where we continuously push for an acceleration of new circular blue economies. Also, as our company now approach commercial operations, our customers can be 100% certain that our salmon is produced with the lowest possible environmental footprint, setting a new benchmark for sustainably produced salmon.'

Salmon Evolution's first production facility is currently in construction, with its location on the west coast of Norway being a strategic choice, owing to the access to fresh seawater, renewable energy and the infrastructure for salmon farming. The facility is designed for a maximum annual capacity of 31,000 tonnes. Its aim is to utilise the ocean whilst farming fish on land by using hybrid flow-through technology (HFS).

Statkraft is a leading provider in renewable energy, with hydropower, wind power, solar power, and gas-fired power all in its repertoire.

For more information on Salmon Evolution click, HERE.

For more information on Statkraft click, HERE.


The Aquaculturists

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