Published by Global Banking & Finance Review®
Posted on November 18, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleHoloSolis secures $255M to build a major solar panel factory in France, aiming to power one million homes and create 2,000 jobs.
(Reuters) -French company HoloSolis has raised more than 220 million euros ($255 million) in financing to help fund construction of a solar panel factory it says will be among the largest of its kind in Europe.
WHY IT MATTERS:
Solar energy is crucial to European plans to use more environmentally friendly sources of energy and make the region less dependent on Russian energy.
The European Union's expansion of solar energy was on track for its first annual slowdown in more than a decade, data showed in July.
BY THE NUMBERS:
The HoloSolis project in Sarreguemines-Hambach is due to become fully operational by 2030, with the aim of producing enough power for one million homes.
The project is expected to generate 2,000 direct jobs and reach production capacity of 5 gigawatts per year.
LATEST FINANCING ROUND:
Companies involved in the fundraising round included Cales Technologie, InnoEnergy, TSE, Groupe IDEC, Armor Group and Heraeus.
KEY QUOTE:
"HoloSolis embodies the ambition we have had since day one: a strong and sovereign European solar industry," said InnoEnergy France CEO Karine Vernier.
($1 = 0.8627 euros)
(Reporting by Sudip Kar-GuptaEditing by David Goodman)
Solar power is energy harnessed from the sun's rays using solar panels. It is a renewable energy source that can be converted into electricity or heat.
Renewable energy is energy derived from natural processes that are continuously replenished, such as solar, wind, and hydroelectric power.
Job creation refers to the process of providing new employment opportunities, often as a result of business expansion or new projects.
Investment is the act of allocating resources, usually money, to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
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