there will be no funds PERTE for the automotive industry giant factory of the Navalmoral de la Mata. The initial interim screening has already excluded the Envision battery project in Extremadura, and after providing new documentation, the project has now been strictly excluded from the state aid package to encourage the development of the electric vehicle with European funds, according to La Tribuna. Automotive Industry transferring resources from the sector. Again, The setback will be due to the fact that the company does not meet the conditions set by the Ministry of Industry for this aid package of 3,000 million euros.and other projects are underway, such as the Volkswagen battery factory in Sagunto.
As the special release moves forward in its digital version, the company behind the Extremadura project has already received communications from the department headed by Minister Reyes Maroto, and for now Extremadura is pursuing its plans. This assumes It may seek other financing avenues to spur an initiative considered crucial for Spain’s electrification and for the industrial development of Extremadura.It plans to start operations in 2025 with an investment of 1,000 million euros.
The company has always defended the Extremadura plans regardless of the aid, and the Spanish Government and the Junta de Extremadura have always shown their willingness to make the overblown project a reality in the PERTE call. In this context, On 18 July, all this support from both administrations was staged in a demonstration at the Expacio Navalmoral industrial site (where the plant is planned) where the general cooperation protocol with the Spanish Government was signed. and memorandum of understanding between the supporting company and Junta de Extremadura to promote this project. In addition to company representatives (José DomÃnguez, head of the group in Spain, and Lei Zhang, CEO of the group via videoconference), Head of Government Pedro Sánchez, Industrialist Reyes Maroto, Minister of the Interior, and Guillermo Fernández Vara, president of the Junta de Extremadura.
Along with open enterprise supportThe company always conveyed in its contacts with the Extremaduran Manager that the project was not impossible without assistance.however, it has not yet been ruled out that it may have other financing instruments to implement it.
The board has always argued that there will be a massive “yes or yes” at the Navalmoral de la Mata.
The Gigafactory is seen as an important strategic initiative in the development of the lithium value chain in Extremadura, and also as a tractor project that can stimulate the electric vehicle industry in the region. For this reason, the Board has always argued that with an investment of 1,000 million and an estimate of 1,000 direct and 12,000 indirect jobs from 2025, the necessary means will be sought to make this project a reality.
“There will be a huge yes or yes in the Navalmoral de la Mata,” were the words of the regional government spokesman, Juan Antonio González, after learning that the interim decision had not been approved. On August 1, the Extremaduran project left Envision out, and doubts began to arise about the viability of the project. Later, he was convinced that the issues with the claims companies were already working on would be fixed, and he also assured that the gigafactory was “not impossible without help,” as the company had already conveyed to them.
Chance
Final decision of the Ministry of Industry Perte is scheduled to be released this week and will detail the reasons why it was left out. This incentive package to the Navalmoral de la Mata project. In the interim decision signed on July 28, the Ministry of Industry claimed that the Envision and Acciona initiative, called Venergy+, which includes Gigafactory, was rejected on the grounds that it “does not meet PERTE’s minimum structure” and is a “funding source”. the budget of the tractor project did not reach the minimum amount of 10 million euros specified in Article 11.2 of Decision ICT/209/2022 of 17 March.
Envision announced its plans to build a battery factory in Navalmoral de la Mata last June. He did so two months after the first option considered for Extremadura was rejected. Volkswagen’s announcement to build its first battery cell mega-plant in Sagunto (Valencian Community).
Extremadura was in this race with the German group until the very end, and now a second gigafactory has been announced, backed by Chinese green conglomerate Envision and Spanish Acciona. The data released at the time was that it would occupy 200 hectares of the Expacio Navalmoral industrial estate in Navalmoral de la Mata.. The initial investment from 800 million was later increased to 1,000 for a plant with 10 GW of scalable capacity, expandable to 30 (10 GW each) in successive stages, and could reach 3,000 jobs and 2,000 million investments in the future.
Junta de Extremadura does not confirm or reject information about PERTE until it awaits an official notification from the Ministry of Industry.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.