Freyr Battery has canceled plans to build a $ 2.6 million battery manufacturing facility in Coweta County, Georgia, as the company changes its focus on solar production in Texas.
Freyr announced his plans in November 2022 to build the Giga America project plant at the Atlanta Suburb of Newnan throughout Interstate 85, planned to invest funds for 2029 and create 720 jobs.
In a letter of January 21 to the county development authority, Freyr says “this decision was very bad”, calling for the “short -term strategic goals”.
The news of the cancellation of the plant follows the acquisition of Freyr, announced in December of Trina Solar Manufacturing Active Manufacturing, including a 5 GW solar module plant in Wilmer, Texas, which began production in November And it is expected to reach complete production in complete production. 2025.
Amy Jick, Freyr’s Vice President of Communications, said that the firm is “focusing at the moment on the installation of solar module manufacture in Texas”, adding an email to Enr his announcement earlier this week ” Wilmer operations, we have selected Austin as a global headquarters. “
In this launch of February 10, Freyr said that the passage to Texas was made “to geographically align the company’s labor with its operations and strategy” to provide solar modules in the United States
In February 10, Freyr said he has an agreement to sell his 368 -hectare site in Coweta County to a part of $ 50 million, an agreement that is expected to be closed on February 15. The company said that it forecasts $ 22.5 million that after reimbursement and local subsidies has received the project.
It Atlanta Journal-Constitutionion By the beginning of 2023, it was foreseen that the firm would receive up to $ 358 million in total incentives for the project, including $ 228 million in local tax reductions for 20 years. The county offered a subsidy of $ 20 million, the State offered $ 90 million in sales tax exemptions and almost $ 11 million in tax savings via credits, while a 7 million grant of 7 million Dollars offset land acquisition costs.
It was unclear whether the project also received federal tax credits or other incentives and their state.
The plot of 368 hectares in an industrial park has space for the future expansion, according to Freyr, who said before that his plans followed “strong loins of renewable energy in the United States, an intensifying focus on the initiatives of Network stability and … the associated tax incentives.
The plans requested an initial investment of $ 1.7 billion, with a cell production module of approximately 34 GWh, which was expected at that time one of the developments of manufacture of more battery cells Great worldwide, according to a Freyr ad of 2022.
