Acciona Energia plans Spain battery plant with China’s Envision -Expansion
MADRID (Reuters) – Spanish renewable power company Acciona Energia is planning to build a battery manufacturing plant and a lithium mine in southern Spain in partnership with China’s Envision Group, newspaper Expansion reported on Friday.
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MADRID (Reuters) – Spanish renewable power company Acciona Energia is planning to build a battery manufacturing plant and a lithium mine in southern Spain in partnership with China’s Envision Group, newspaper Expansion reported on Friday.
The project will require a 2.5 billion euro ($2.69 billion) investment, the newspaper said, without citing its source for that figure.
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The Spanish government would help fund the investment with European Union rescue funds set up to help member states recover from the COVID-induced economic contraction.
Neither Acciona nor Envision Group immediately responded to requests for comment.
($1 = 0.9299 euros)
(Reporting by Inti Landauro; editing by Jason Neely)