A new strategic investment totalling 102.5 million euros by lithium-ion battery manufacturer Sunlight Group was approved by the strategic investments committee of Greece, the Development & Investments ministry said on Thursday.
The investment involves upgrading and improving global exporter Sunlight’s facilities by utilizing a plot of land the company owns in Neo Olvio in Xanthi, northeastern Greece, where the company’s headquarters are. It will also include a new logistics center of 1.7 hectares (17,000 sqm) to cover additional storage needs that will incorporate digital applications of Industry 4.0.
The ministry said the new facilities will create 220 new jobs.
Development & Investments Minister Adonis Georgiadis called the investment “a game-changer”: “It is important both for Greece’s and Europe’s energy transition, as the storage of energy is one of the greatest challenges today in this direction, and for their strategic autonomy. It is therefore an investment game-changer, the culmination, for the Interministerial Strategic Investments Committee, of a year in which Greece achieved a historic record in investments,” he said.