| Project Detail |
Location:
Poland
Project number:
54987
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
18 Jun 2024
Status:
Approved
PSD disclosed:
15 Jul 2024
Provision of a senior secured loan of up to USD 25 million to Northvolt Systems AB (the "Company"), a company specialised in providing battery solutions for energy storage systems and industrial application, for the development of an industrial-scale manufacturing plant for battery solutions in Gdansk, Poland (the "Project").
Project Objectives
To finance the core capex plan for the period 2024-2025, covering investments in production equipment for battery products for Energy Storage Systems ("ESS") and industrial applications. |
