US-headquartered Plug Power plans to build three green hydrogen plants in Finland. In a statement announcing the news on May 30, the provider of turnkey hydrogen solutions said it has secured access to land in Kokkola, Kristinestad and Porvoo to set up 2.2 gigawatts of electrolyser capacity by 2030.

The Nasdaq-listed firm said the projects represent ‘some of the largest investments in the European market’ for green hydrogen. They will create 1000 direct and 3000 indirect jobs, and require a total investment of around €6bn, a Business Finland spokesperson told fDi

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Plug Power plans to make a final investment decision by 2025 or 2026.

Canada gives C$300m to battery materials plant

General Motors and Posco have secured C$300m ($220m) from the Canadian government to help build their C$600m battery materials plant, which is under construction in Bécancour, Québec.

The C$300m will be equally split between the federal government and provincial government of Quebec. The project, which the US–South Korean joint venture announced in March 2022, will be Canada’s first cathode active materials plant. It will be part of General Motors’ North American electric vehicle supply chain, and is expected to come online in the first half of 2025 and create some 200 direct full-time jobs.  

The announcement on May 30 came one month after the government offered Volkswagen subsidies valued at up to C$14.4bn — the biggest incentives package on record — to secure its gigafatory in Ontario.

Glencore expands Peruvian copper mine

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Switzerland’s Glencore plans to invest $1.5bn in its Antapaccay copper mine in Peru, Reuters reported on May 30

Carlos Cotera, general manager of its Antapaccay Mining division, told the news outlet the group was increasing its investment from the previously announced $590m to extend the life of one of the country’s largest copper mines until 2045 or 2050.

Copper is a critical metal needed to manufacture batteries and other electric vehicle components.

And finally: Colombia’s infrastructure agency announced on May 29 that it is planning a $12bn upgrade of five of the country’s airports.

The original version of this story was updated to include the confirmed value of Plug Power's investment.