Stolt Seafarm is preparing to produce up to 2000 tonnes of senegalese sole in Iceland, using warm water and electricity from HS Orka's geothermal powerplant in Reykjanes.
A contract with HS Orka and local planning are in place and the operating licence for the new 7 hectare fish farm is in public consultation by the Environment Agency of Iceland. Stolt Sea farm has also applied for an investment agreement to the ministry of industry, energy and tourism.
Preparations for the construction of the farm have begun. The total investment is estimated to be around 26 million euros.