© Laxey
The tanks, each 28 metres in diameter and 13 metres tall, hold up to 5,000 cubic metres of seawater, pumped from deep boreholes to ensure optimal water quality.
This marks the completion of the first phase in Laxey’s six-phase development plan. In each phase, eight tanks will be constructed and brought online. Once fully operational, the facility is expected to produce up to 42,000 tonnes of salmon annually.
The project began with the construction of a state-of-the-art hatchery in Friðarhöfn, utilising a closed-loop recirculating aquaculture system (RAS) that minimises water use through advanced filtration and reuse. The hatchery, the first of its kind in Iceland, became fully operational in August last year.
The first smolt transfer to the post-smolt unit took place in November, followed by a second batch in April. To date, five batches have entered the production cycle: three are still being raised in the hatchery, while two have progressed to the grow-out.
The company adds that construction has remained on schedule, advancing alongside the development of biomass. The first harvest is planned for autumn 2025, and preparations for a processing facility, to be located in Viðlagafjara, are already underway.
