EIB approves EUR 350 million financing for Northvolt's battery gigafactory  [ Sweden ]

On May 16, the European Investment Bank has given its in-principle agreement to support the financing of Europe’s first home-grown gigafactory for lithium-ion battery cells, Northvolt Ett, in Sweden.  Once the loan agreement is in place, the financing would be supported by the European Fund for Strategic Investments (EFSI). The EUR 350 million loan to Northvolt approved in-princ...
<May 16, 2019>