Advertisement
Advertisement

Acciona Energia plans Spain battery plant with China’s Envision -Expansion

By:
Reuters
Published: Jun 3, 2022, 06:53 UTC

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.

A wind turbine is seen at an Acciona Energia wind park in Puebla de Almenara

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.

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)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?

Advertisement