First Water has signed a NOK 55 million contract with Norwegian precast concrete specialist Overhalla Betongbygg AS for the final part of Phase 1 of its land-based salmon farming facility in Þorlákshöfn, Iceland.
The contract covers approximately 4,300 tonnes of precast concrete elements for eight large fish tanks. Each tank will measure 28 metres in diameter and 9.5 metres in height, with a capacity of around 5,600 m³ of water. Production will take place in Norway, with delivery to Iceland scheduled for early 2027.
Completion of Phase 1 will increase First Water’s annual production capacity from 5,000 to 10,000 tonnes of gutted salmon.
“This is an important milestone in the development of our facility in Þorlákshöfn,” says Eggert Þór Kristófersson, CEO of First Water. “First Water is being developed to set new standards for sustainable land-based salmon farming. The project is planned in six phases, with a long-term target of producing 60,000 tonnes annually.”
First Water and Overhalla Betongbygg have worked closely to develop technical solutions suited to the scale and complexity of the project. The delivery requires detailed coordination across engineering, production, transport and installation.
“We are pleased to support First Water in the continued development of this pioneering project,” says Arnt Ove Amdal, CEO of Overhalla Betongbygg AS. “The contract demonstrates the value of combining strong industrial expertise with close collaboration.”
The agreement represents another major step in First Water’s phased development and supports the company’s ambition to become a leading producer of sustainably farmed salmon.