Northvolt secures $5 billion for Europe's first circular gigafactory

Europe's leading battery maker, Northvolt, has signed a $5 billion non-recourse project financing arrangement to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date.Swedish battery maker Northvolt has raised $5 billion of debt financing to help it expand its first gigafactory in Sweden, Northvolt Ett, to up to 60 GWh of annual output capacity, in addition to building a recycling facility on the same site. The finance package, which represents the largest green loan raised in Europe to date, comes from a group of 23 commercial ...

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