The lending package is part of a $5 billion non-recourse project financing, the biggest green debt deal in Europe to date, and will support expansion of Europe’s first circular battery production gigafactory, Northvolt Ett, in Skellefteå, Sweden. The EIB financing is backed by the Swedish National Debt Office and the European Commission’s InvestEU programme, and partially intermediated through commercial banks participating in the project financing. The EIB previously supported Northvolt’s demo line in Västerås, as well as the initial phase of the Skellefte
Northvolt Secures $5 Billion in Financing For Circular Battery Factory cleantechnica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cleantechnica.com Daily Mail and Mail on Sunday newspapers.
Celebrating Sustainability: EIB Invests Over $1 Billion in Northvolt s Gigafactory Expansion news.europawire.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.europawire.eu Daily Mail and Mail on Sunday newspapers.
Northvolt Gets $5 Billion Green Loan in Boon for Europe EV Push bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.