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

Reuters
·1-min read
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)