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Scholz sees strategic importance in the new battery factory

2024-03-25T10:54:05.456Z

Highlights: Scholz sees strategic importance in the new battery factory. 3,000 jobs would be created directly at Northvolt, and another 10,000 are expected in the area around the factory. Federal Minister of Economics Robert Habeck expects that a lot of things will change on the west coast as a result of the construction. “It will look different. It’s a major intervention,” said Habeack. ‘This is where climate-neutral industrial land becomes visible’



As of: March 25, 2024, 11:44 a.m

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Chancellor Olaf Scholz (2nd from right, SPD) sits between the guests and listens to a speech.

© Marcus Brandt/dpa

Construction of Northvolt's Gigafactory begins on the North Sea coast.

Chancellor Scholz emphasizes that Germany remains a strong industrial country.

Heide/Berlin - Chancellor Olaf Scholz (SPD) has emphasized the strategic importance of investments such as the Northvolt battery factory near Heide for Germany and Europe.

“Germany was, is and remains a strong industrial country,” said Scholz on Monday at a ceremony to mark the construction of the Gigafactory in Hedwigenkoog near Heide.

“And the production of good cars remains the backbone of our industry, even beyond the combustion engine.” This requires battery cells made in Germany.

That's why the construction of the Gigafactory near Heide is good news for the entire country.

3,000 jobs would be created directly at Northvolt, and another 10,000 are expected in the area around the factory.

“This creates huge opportunities for medium-sized businesses.”

Federal Minister of Economics Robert Habeck (Greens) expects that a lot of things will change on the west coast as a result of the construction.

That is the point of the whole exercise for Germany, but also for the region.

“It will look different.

It’s a major intervention,” said Habeck.

Conversely, this means that jobs and added value are created and the region becomes more attractive for tourism.

Schleswig-Holstein's Prime Minister Daniel Günther (CDU) spoke of a great day of joy.

With the construction of the factory it becomes clear that investments in renewable energies are worthwhile.

“This is where climate-neutral industrial land becomes visible.” The example of Northvolt shows that these are not crazy mills.

The state government supports the region, but will also need help from the federal government in the coming years to expand the transport infrastructure in order to get the batteries out of the factory. “We have a real growth region here that will have an impact on the whole of Germany.”

In the morning, Scholz, Habeck and Günther, together with Northvolt boss Peter Carlsson and Northvolt's Germany boss Christofer Haux, were supposed to press the start button for the foundation work for the first factory building on the factory site in Lohe-Rickelshof and Norderwöhrden.

The federal and state governments are supporting the battery factory with around 700 million euros.

There are also possible guarantees for a further 202 million euros that still need to be approved.

Production is scheduled to start in 2026.

dpa

Source: merkur

All news articles on 2024-03-25

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