Banks need to see results before lending money.
"Today we have bank financing for the fish farms in both Fredrikstad, Norway, and Hanstholm, Denmark. We see that if you have a facility that is up and running, the banks are there", says CEO Bernt-Olav Rottingsnes in Nordic Aquafarms to Finansavisen.
Nordic Aquafarms currently has land-based production of salmon in Fredrikstad and yellowtail kingfish in Denmark, but has big ambitions for growth in the US market. The long-term ambitions are 50,000 tonnes...