FishMatch Group · Reference Projects

Anonymised aquaculture project references.

Every FishMatch mandate is confidential. The case studies below describe scope, class-3 CAPEX ranges, timelines and outcomes — without naming sponsors, suppliers or exact sites. Numbers are indicative and rounded.

Sponsor and supplier identities are protected by NDA. FishMatch never publishes counterparties on case-study pages, marketing material or investor decks.
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Semi-intensive shrimp

120 t/yr semi-intensive vannamei farm — solar-hybrid retrofit

Latin America (Pacific coast)

Scope: 14 ha of lined ponds, paddlewheel + central aeration, brackish intake with reservoir and settling pond, PV + LFP battery + diesel backup.

CAPEX (class-3)
USD 3.4–3.9M class-3, ±20%
Timeline
9 months from RFQ to first cycle

Outcome: Diesel spend reduced ~70% vs baseline modelling; independent CAPEX benchmark used to secure DFI-linked working-capital facility.

Lessons
  • Reservoir + settling capacity was the single largest bankability improvement
  • Solar-hybrid sizing had to prioritise aeration continuity, not headline PV kWp
  • Two-supplier aeration split (paddlewheel + central) simplified maintenance
Solar shrimp archetype
Indoor RAS · tilapia

500 t/yr indoor tilapia RAS — greenfield

MENA (inland)

Scope: Grow-out + nursery, MBBR biofilter, drum filters, O₂ cones, degassers, HVAC, monitoring, HACCP-ready processing tie-in.

CAPEX (class-3)
USD 11–13M class-3, ±20%
Timeline
18 months incl. civil

Outcome: Neutral RFQ produced 3 comparable bids inside ±8% envelope; sponsor selected mid bid on schedule and warranty grounds.

Lessons
  • Standardised biofilter sizing rules removed 60% of bid variance
  • Energy resilience (solar + gen backup) moved from 'nice to have' to a lender requirement
  • Processing tie-in specified at RFQ stage avoided a costly retrofit
500-t RAS archetype
Off-grid hatchery

Off-grid smolt / fingerling hatchery — 100% PV + battery

Remote coastal (island)

Scope: Broodstock + larval + live-feed rooms, dual water source with UV/ozone, PV + LFP battery + diesel emergency-only.

CAPEX (class-3)
USD 2.6–3.1M class-3, ±25%
Timeline
11 months

Outcome: Fuel logistics risk removed; project qualified for green-finance line at reduced spread vs baseline commercial loan.

Lessons
  • Battery sized to 12-hour aeration + LSS autonomy — not 24-hour full load
  • Two independent water treatment trains preserved biosecurity during maintenance
  • Genset kept for emergencies only — dropped from 3,500 to <300 hours/yr
Off-grid solar hatchery
Processing & export

Farmed fish processing plant — EU export ready

West Africa

Scope: Reception, filleting, IQF, packing, cold storage, reefer dock, effluent treatment; layout designed for BRC + EU approval.

CAPEX (class-3)
USD 6.5–7.8M class-3, ±20%
Timeline
14 months

Outcome: First export container within 45 days of commissioning; buyer contracts signed at RFQ stage using FishMatch's neutral spec.

Lessons
  • Freezer capacity was the binding constraint — sized on peak, not average, throughput
  • Traceability system chosen at RFQ stage passed BRC on first attempt
  • Reefer dock layout designed for two container turns per shift
Processing plant archetype
Cold chain

Regional cold-chain hub for farmed shrimp

Southeast Asia

Scope: Blast freezer + cold storage + reefer yard for aggregated shrimp exports; integrated with 3 upstream farms.

CAPEX (class-3)
USD 4.2–5.0M class-3, ±25%
Timeline
10 months

Outcome: Aggregation reduced per-tonne cold logistics cost ~22% vs farm-by-farm baseline; supported switch from air to sea reefer for two lanes.

Lessons
  • Aggregation across sponsors only worked with a neutral operator and shared traceability
  • Blast freezer sized to Chinese New Year peak, not annual average
  • Buffer racking added +6% CAPEX but removed downstream reefer demurrage
Cold chain archetype
Solar-hybrid RAS

250 t/yr solar-hybrid RAS — grid-tied hybrid

Mediterranean

Scope: Grow-out RAS with PV + LFP battery + grid; load-shifted aeration and pumping to daylight window.

CAPEX (class-3)
USD 6.8–8.0M class-3, ±20%
Timeline
13 months

Outcome: Modelled 5–7 year payback on solar+storage adder vs grid-only baseline; project reached lender's minimum DSCR at base scenario.

Lessons
  • Load-shift schedule had to respect biofilter O₂ demand, not just peak-shave economics
  • Battery cycled ~1 full cycle/day — LFP chemistry warranted the CAPEX premium
  • Grid tariff structure (peak/off-peak) drove PV+battery sizing more than kWh volume
Solar-hybrid RAS archetype
Indicative class-3 ranges only. Every new mandate is re-benchmarked against current supplier pricing, country cost structure, redundancy and civil scope.

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