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Schleswig-Holstein Constitutional Court Rules State Violated Information Duty on Northvolt Subsidies (heise.de)

· 59d ago · Report · Spotlight this ·
0xBASE INTEL BRIEF
  • Court: State failed to inform parliament about Northvolt funding risks
  • €600 million bond approved despite known financing gaps
  • FDP and SPD lawsuit upheld; government faces scrutiny

"The State Constitutional Court of Schleswig-Holstein found the state government violated its duty to inform parliament when approving a €600 million convertible bond for Northvolt's battery factory. Before the January 2024 committee vote, lawmakers were not told about doubts over the project's total financing. Northvolt later declared bankruptcy; U.S. firm Lyten is taking over."

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