Case
Taiwan-based YesHealth invests in Nordic Harvest, one of the largest vertical farms in Europe
In a joint investment with Danish investors, Taiwan-based YesHealth – the largest vertical farming company in Asia - has invested in Nordic Harvest to establish one of the largest vertical farms in Europe supplying lettuce and herbs to Danish consumers.
Nordic Harvest is located in Copenhagen – and once fully finalized the farm will grow crops in 14 layers, harvest 15 times a year and supply an annual amount of 1,000 tonnes of food. The crops are grown hydroponically using 95% less water than traditional production. No pesticides are used and Nordic Harvest uses only biological fertilizer. LED lights provide for both optimal temperature and sufficient light – and run on renewable energy from wind power.
“With all of our technology in-house, YesHealth Group will now be able to utilize real-world data from vastly different climates and environments and improve our technology at an even greater speed and efficiency”
Director of Business Development at YesHealth Group, Jesper Hansen calls the investment “a crucial step” of YesHealth Group’s expansion into Europe and states that:
“This event also proves that it is now possible to commercialize vertical farming produce on a large scale and that this produce will be able to support the traditional farming sector from now on. Vertical farming is no longer just a theoretical concept for the garage.”
“In Denmark, we grow world-class food, and we are known for our high quality. However, to create a sustainable food production we need to continuously develop and innovate. Nordic Harvest is a great example of exactly that, and therefore, we are happy to invest in them, as well as offering a loan from the Danish Green Investment Fund, and we look forward to following Nordic Harvest on their journey,”
Background
To feed the growing global population with the same amount of land and at the same time reduce the carbon footprint from food production, a transformation of the global food systems must take place.Vertical farming is one of the solutions as it offers more crops on less land, year-round production not limited by natural seasons, no use of chemicals or pesticides and close proximity to consumers.
Info What is vertical farming?
In vertical farms, crops are grown indoors in vertically stacked layers and in a controlled environment where temperature, nutrients, lighting, irrigation, and air circulation are constantly monitored and adjusted.
Most vertical farms benefit from soilless farming techniques such as hydroponic, where plants are grown in water containing nutrients, or aeroponics, where the plants’ roots are sprayed with a mist of water and nutrients.
Benefits from vertical farming:
- Crops can be grown all year around.
- Growing crops in layers reduces the need for farming land.
- Crops can be produced close to the consumers reducing the need for long transportation.
- There is no or very limited need for pesticides or other chemicals as the crops grow in a closed indoor environment.
About YesHealth Group
In its own words, YesHealth Group is "Leading Civilization in the Evolution of Agriculture". The company aims to provide fresh, nutritious, and safe vegetables to the world.
YesHealth Group is one of the largest vertical farming companies in the world. The company operates the two largest and most energy efficient vertical farms in Asia and its farms address climate change and food security challenges through sustainable and environment-friendly agricultural practices built for the 21st century and beyond.
YesHealth Group plans to expand globally and collaborate with local partners to build more vertical farms around the world.
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