Consulgal was hired by Mariculture Systems as a consultant for the licensing procedure and financing of an offshore aquaculture project in Portugal.

This is a large-scale offshore platform for the production of sea bass and sea bream, with an output capacity of 8000 tons of fish per year.

The project will be installed in an area of 40 hectares off Vila Real de Santo António and corresponds to an investment of about 40 million euros.

Mariculture Systems is an Israeli company specialized in the development and implementation of innovative offshore aquaculture systems.

The system is based on submerged, firm and modular cages connected to a semi-submersible platform serving as an infrastructure for offshore fish and sea farming, enabling complete control over the entire growth process, while minimising environmental impacts.

Consulgal mobilised a multidisciplinary team to support this innovative project. Besides the consultancy services associated with the licensing of the platform, this contract also entails a funding road map identifying the public and private financial instruments available in Portugal, for this type of project.