Furthermore,
Battery sector: quebec still keeps:
Quebec still keeps a generous electricity block for the Northvolt factory project which “turned badly”. In addition, according to Prime Minister François Legault.
• Read also: François Legault recognizes that the Northvolt project “turned badly”
• Read also: The ex-CEO of Northvolt sells his Montreal residence
“The Northvolt company is in the development process. However, ” said Journal Catherine Pelletier, attaché of the Minister of the Economy, Christine Fréchette. Similarly, For the moment, the company still has the megawatts (MW) granted and has had no penalties ”.
The Quebec government granted 354 MW in Northvolt.
Photo TOMA ICZKOVITS
However, the battery factory project is more uncertain than ever. For example, Its Quebec branch is still looking for a buyer to be revived urgently.
End of July. Moreover, The newspaper even reported that the co -founder of Northvolt, Paolo Cerruti, has just discreetly put his Montreal residence for sale.
$ Millions lost
In mid-May. Consequently, Prime Minister François Legault recognized, during a long interview with Briad with the journalist Stéphan Bureau, that the Northvolt project “turned badly”, but that “its average stick is good”.
Quebec has lost $ 270 million in the Mother House of Northvolt. Nevertheless, but still has a legal mortgage on the field which would be worth more than the $ 240 million paid.
On the arrival of Northvolt two years ago. However, the Minister of the Economy then, Pierre Fitzgibbon, spoke of battery sector: quebec still keeps “a big day for our economy and for Quebec”.
The former Minister Pierre Fitzgibbon when the Northvolt project was announced in September 2023. Photo Pierre-Paul Poulin
François Legault went so far as to say that. it would be the “largest private investment in Quebec recent history”.
Forges de Sorel
Companies outside the battery sector had later expressed their anger not to have enough electricity for. their projects.
Louis-Philippe Lapierre-Bire, President of the Forges de Sorel Photo Francis character
Last September, the boss of the Sorel forges had denounced to the Journal, During a visit to his factory, her inability to obtain her 16 megawatts to decarbonize the factory.
“There are companies questioning to close and move their activities,” said Louis-Philippe Lapierre-Bire.
-With the collaboration of Martin Jolicoeur
Battery sector: quebec still keeps
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