19.9 C
Belgrade
Supported byspot_img
spot_img

Volkswagen Announces Gigafactory Construction in Sagunt, Spai

Member of Europium Groupspot_img
Supported byspot_img

Volkswagen plans to build a battery factory in Sagunt, Spain, with an initial investment of more than €3 billion, which could rise to up to €4.5 billion in a second phase.

Start of production in 2026

This investment is part of VW’s “Future: fast forward” project, which plans to invest €10 billion in Spain. The aim is to advance the electrification of the VW plants in Landaben (Navarra) and Martorell (Barcelona). The planned Gigafactory in Sagunt is expected to reach an annual production capacity of 40 GWh, producing batteries for 800,000 electric vehicles per year. Initial production is expected to begin as early as 2026.

Supported by

The battery factory is expected to create around 3,300 direct jobs and a further 10,000 indirect jobs once construction is completed and battery production begins.

VW is working closely with Iberdrola, one of Spain’s largest energy providers, to power the Gigafactory. Iberdrola plans to build a mega solar plant that will provide 30 percent of the battery factory’s energy needs.

 

Source: Battery News

Supported byElevatePR Digital

Related News

Unlocking renewable energy potential: The role of renewable hydrogen in storage and decarbonization

Renewable electricity can be effectively stored by converting it into renewable hydrogen or ammonia through the process of electrolysis. These fuels can be utilized...

Empowering renewable energy: Harnessing the potential of renewable hydrogen for storage and decarbonization

Batteries play a crucial role in providing short-term flexibility to the energy system, offering advantages such as geographical and sizing flexibility. Unlike some other...

Energy storage: Enabling clean alternatives and job creation in coal-dependent regions

Energy storage is particularly relevant to carbon-intensive and coal regions, as it provides a cleaner alternative to hard-to-abate industries and traditional fossil-fuel-powered thermal plants...

Transforming Europe’s energy grid: The essential role of energy storage in the renewable transition

As European countries strive to transform their energy systems, policymakers, regulators and energy sector planning agencies are increasingly faced with complex decisions about developing...
Supported by
Supported by
Supported by
error: Content is protected !!