In 2007, the Galician fishing company Pescanova, headquartered in Redondela, Spain, announced its intention to build several sea bass aquaculture plants in Mira. Pescanova will invest about 350 mln eur in the Portuguese aquaculture plant, which will be backed by the Portuguese government with about 45 mln eur in incentives. The plants will incorporate wind farms to alleviate the high energy costs. In a few years, the plants should reach a production rate of between 30,000t and 100,000t a year.