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This year, a total of ISK 465 million (EUR 3.2 million - USD 3.6 million) has been allocated for fifteen projects in seven municipalities.

The Reykjanes Peninsula in southwest Iceland enables the production of highly sustainable and renewable energy.

Salmon products accounted for about 95% of those exports, reaching a value of ISK 2.3 billion.

“This marks a significant milestone for NP and a natural next step in our growth journey,” said Michael Bäärnhielm, CEO of NP Innovation.

January 2025 was the second-largest month of export value of aquaculture products in Iceland's history.

Export revenue from fish farming increased by more than 16% over 2023, with salmon consolidating its position as the second-highest export value of all fish species.