European Investment Bank to lend Northvolt $391mln for battery gigafactory
Published: Friday, 17 May 2019
European Investment Bank will lend €350 million ($391 million) to Northvolt for the construction of a gigafactory that could consume as much as 12,800 tpy of lithium compounds.
The European Investment Bank will help finance
Northvolt’s gigafactory in Sweden with a €350
million loan, the battery manufacturer said on Wednesday May
Northvolt is looking to raise €1.5 billion to build its
gigafactory. The €350 million loan is currently under
negotiation and is pending the completion...