ECAs pile in on European battery gigafactories facility

(Global Trade Review, London, 14 February 2024) Three export credit agencies have thrown their support behind a €4.4bn debt raising for a company building lithium battery gigafactories across Europe, the latest in a string of deals intended to beef up the continent’s renewable energy supply chains. France-based Automotive Cells Company (ACC) says Italian export credit agency (ECA) Sace, Germany’s Euler Hermes and France’s bpifrance have all agreed to support financing provided by a pool of commercial lenders.