This article utilizes news media representations to scrutinize the symbolic construction and legitimizing support for green megaprojects, with a particular focus on Northvolt’s battery factory in Skellefteå, Sweden. The study reveals that the media portrayed the project as crucial for local development, driven by Northvolt’s explicit competition, Sweden’s national ambition to lead in green technology, and a neoliberal agenda for regional economic growth. These narratives, deeply rooted in ideological fantasies about the implications of such a megaproject for a small, struggling community, effectively suppressed concerns about colonialism, environmental risks, and indigenous rights. The media’s emphasis on perceived benefits overshadowed potential risks, prompting questions about the long-term impact of such projects on local communities and the environment. The article argues that while these investments are framed as opportunities for progress, they may perpetuate historical patterns of exploitation and overlook critical socio-environmental issues.