Northvolt secures a record $5 billion green loan, the largest in Europe, facilitating the expansion of its gigafactory in Sweden, including a battery recycling plant with a 70% lower carbon footprint. The financing, backed by long-term contracts with partners like BMW and Volkswagen, marks a milestone for Europe’s energy transition, emphasizing circular, sustainable practices. The deal, involving 23 banks, the European Investment Bank, and the Nordic Investment Bank, is the first through Northvolt’s Green Finance Framework, receiving a top ‘dark green’ rating from CICERO.
Northvolt secures record $5 Billion green loan for Gigafactory expansion and circular battery production in Europe
Northvolt secures a groundbreaking $5 billion green loan, Europe’s largest, to expand its gigafactory and advance circular battery production Image Source: Northvolt
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)