Battery production plants in EU

Published: 29.03.2023 Related countries:  Indonesia Indonesia

Some new battery cell factories are planned in the EU.

Several potential battery cell plants project  hinge on the PERTE funds. India’s Tata Group is considering setting up a plant in Spain or Britain, and Slovakian battery manufacturer InoBat is also looking at opportunities for a plant in Spain. Most of the funds should be allocated by November with a view to start manufacturing by 2028 at the latest. Lopez said less stringent requirements compared to the original PERTE, which only allocated 27 percent of it’s 2.9-billion-euro budget in 2022, made him confident all the remaining funds would be used.

All bids will be individual and the selection criteria will be simpler following last year’s fiasco that also led to the sacking of an official and the appointment of a commissioner. Lopez said the initial PEERTE had “many restrictions”, such as the need to submit a joint bid of large and smaller companies as well as a short timelineto use the funds, while the revamped program is more flexible after the European Commission allowed Spain to be less rigid in allocating state aid.

Under the new program, which includes grants and loans as with the initial PERTE, recipients will have 40 or 60 months to bring their manufacturing operations onstream. Some projects would not be finalized until the end of 2028 after European Commission eased the initial requirement that all pandemic relief funds be invested by 2026, Lopez said. Financing will be limited to a maximum of 350 million euros for battery projects depending on location, while there will be no limits for EV projects, he added. Companies that received money from the first PERTE will have to submit new projects.


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