If you need to know about batteries; you’ve come to the right place Chinese flag 点击这里访问我们的中文网站 Chinese flag

European Investment Bank

Northvolt clinches gigafactory EU loan deal

Fri, 05/17/2019 - 10:45 -- John Shepherd
Northvolt clinches gigafactory EU loan deal

The European Investment Bank (EIB) has confirmed its approval in principle of a €350 million (US$391m) loan for Swedish battery maker Northvolt to build a 16GWh capacity lithium-ion battery cell plant— as revealed by BEST Battery Briefing last week.

EIB vice-president Andrew McDowell (pictured) said the loan is the largest ever direct financing approved by the bank for battery technology. The financing will be through the EIB-managed European Fund for Strategic Investments.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Northvolt set for €400m Swedish gigafactory loan

Fri, 05/10/2019 - 17:10 -- John Shepherd
Northvolt set for €400m Swedish gigafactory loan

The European Investment Bank (EIB) is set to approve a €400 million (US$450m) loan to help start-up Northvolt build a 16GWh capacity lithium-ion battery cell manufacturing plant in Sweden.

The loan to design, build and start operations at the gigafactory, which Northvolt estimates will cost a total of around €1.5 billion, is likely to get the green light when the EIB board meets on 15 May.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Loan deal expansion plan for Greek lead-acid maker Sunlight

Mon, 12/03/2018 - 00:00 -- John Shepherd
Sunlight Xanthi factory

Greek lead-acid battery maker Sunlight is to expand manufacturing and new product development boosted by a €12.5 million (US$14.2m) financial shot in the arm from the European Investment Bank (EIB).

Sunlight, part of the Olympia Group, said it will “significantly increase manufacturing capacity” at its plant in Xanthi, northern Greece thanks to the loan— the first support for industrial investment in Greece under a new EIB lending initiative backed by the European Fund for Strategic Investments.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.
Subscribe to European Investment Bank