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Northvolt announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date. In addition to the expansion of Northvolt Ett’s cathode production and cell manufacturing, the finance package will enable the expansion of the […]
One of the largest green loans in Europe, the funding will expand battery manufacturing following an expansion of the Northvolt Ett factory.
Swedish battery manufacturer Northvolt has just signed the largest green loan raised in Europe to date, which will facilitate the expansion of Europe's first homegrown gigafactory, Northvolt Ett, and also the realisation of Northvolt's plans for battery recycling.
Northvolt has secured fresh funding to expand production at its battery gigafactory in Sweden and support its battery recycling plans.
Swedish lithium-ion battery producer Northvolt is set to establish a gigafactory in Quebec, Canada, marking an investment of $5.2 billion.