"Northvolt's planned major investment is a huge success for the west coast, for Schleswig-Holstein and Germany as a whole,” Economy Minister Robert Habeck told German newspaper Die Welt.
Subject to the approval of both local communities of Lohe-Rickelshof and Norderwoehrden, construction will begin promptly, Northvolt said in a statement, adding the project would create some 3,000 jobs.
Earlier this month, the European Commission approved 902 million euros ($980.02 million) in German state aid for the plant, made up of a 700 million euro direct grant and a 202 million euro guarantee.
