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Hydro-Québec wants to reclaim Northvolt’s land in Montérégie
The utility plans a substation and logistics centre as the sale awaits court approval and would return $52 million to Investissement Québec.
- Hydro-Québec has reached an agreement to acquire an 18 million square foot property in Saint-Basile-le-Grand and McMasterville, south of Montreal, left vacant by the bankrupt Swedish company Northvolt, pending court approval.
- The Swedish company Northvolt declared bankruptcy in 2025, collapsing the $7 billion battery project that never progressed beyond the preparatory stage and cost the Quebec government $270 million.
- Northvolt originally purchased the land for $240 million in 2023, with $52 million from the current sale immediately going to Investissement Québec to repay a portion of its secured claim.
- McMasterville Mayor Magalie Taillon said the announcement marks "the end of a chapter," while Saint-Basile-le-Grand Mayor Kim Méthot said, "We will wait to learn the nature of the project."
- Hydro-Québec intends to build a new electrical substation and logistics centre "to support its operations on Montreal's South Shore," with the transaction scheduled to close by December 22.
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12 Articles
12 Articles
Le Journal de MontrealReposted by 
Le Journal de Quebec
Le Journal de QuebecThe price paid by the Crown corporation will be known after approval by the courts.
·Montreal, Canada
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Hydro-Québec wants to reclaim Northvolt's land in Montérégie
Hydro-Québec wants to reclaim the large plot of land left vacant by the Swedish company Northvolt, which went bankrupt in 2025. Northvolt was supposed to build a mega battery cell factory on land split between Saint-Basile-le-Grand and McMasterville, south of Montreal. However, the project was never completed due to the multinational’s financial difficulties. Thus, the […]
·Toronto, Canada
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The Crown Corporation states that it has entered into an agreement to acquire 18 million square feet of land.
·Montreal, Canada
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The trustee asks the courts to sell Northvolt's land to Hydro-Québec Crown Corporation.
·Montreal, Canada
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Total News Sources12
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution45% Left, 44% Center
Bias Distribution
- 45% of the sources lean Left, 44% of the sources are Center
45% Left
L 45%
C 44%
11%
Factuality
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