A milestone was achieved in sustainable food production in Iceland, when Landsvirkjun and Landeldi, the owner of the Landeldi project, signed a term sheet for electricity delivery for a new salmon farm in Þorlákshöfn. This fully land-based salmon farm has been on the drawing board for a while. Landeldi is an Icelandic company, specialising exclusively in land-based aquaculture. The aim is to finalise a power purchase agreement in accordance with the term sheet before the end of the year.