Scaling land-based RAS
AKVA appears to be scaling its land‑based recirculating aquaculture system (RAS) business.
Public signs include a capital‑markets presentation targeting land‑based revenue growth to about NOK 1.4 billion in 2027 and NOK 2.5 billion by 2030, the opening of a new RAS office in Trondheim as a headquarters for Norwegian projects, a large EUR 60 million post‑smolt contract in Finnmark, a total‑supplier role for a 20,000‑ton salmon facility in Ningbo, China, evidence that the Ningbo site reached full Stage 1 and 2 capacity, and the CEO’s comment that the recent Yanmar transaction could support land‑based growth.
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AKVA presented land‑based operations as a focus area at its capital markets day, targeting growth from NOK 618 million in 2024 land‑based revenue to about NOK 1.4 billion in 2027 and a 2030 ambition of NOK 2.5 billion, alongside margin improvement.
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Nordic Aqua reported that its Ningbo land‑based salmon facility reached full Stage 1 and 2 capacity in Q3 2026, supporting AKVA's role in delivering land‑based RAS systems at meaningful industrial scale.
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AKVA Group is described as total supplier for Nordic Aqua's land‑based salmon facility in Ningbo, China, including equipment, design and construction for a facility planned to reach 20,000 tons per year.
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AKVA Group was awarded a large RAS contract by Cermaq Norway for a post‑smolt facility at Sørøya in Finnmark, with an estimated value of at least EUR 60 million and planned capacity for 12 million post‑smolt.
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AKVA Group Land Based opened a new RAS office in Trondheim that will serve as the headquarters for RAS projects in Norway, staffed with RAS technology specialists and linked to teams in Norway, Denmark and Chile.
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AKVA's CEO said the Yanmar transaction could provide growth capital, strengthen AKVA's foothold in Asia, and contribute to the land‑based side of the business where large fish are raised on land.