Armor Joins French Solar Revolution with HoloSolis Stake
Nov 15, 2023 12:19 PM ET
- Armor Group has acquired a 20% stake in HoloSolis, a French solar company that plans to build a 5GW factory. Heraeus Holding GmbH also invested less than a month prior. Be part of the change - HoloSolis and Armor Group are creating 1,700 jobs and a EUR-700-million factory with the capacity to produce 10 million solar panels annually.

Armor Group has acquired a 20% stake in HoloSolis, a French solar company that plans to construct a 5 GW factory for photovoltaic cells and panels in Hambach, northern France. Armor Group has also been granted a seat on the firm's supervisory board alongside founding shareholders EIT InnoEnergy, IDEC group and TSE. HoloSolis intends to open the EUR-700-million factory, which will have the capacity to produce 10 million solar panels annually and will employ approximately 1,700 people, in 2025. German family-owned technology group Heraeus Holding GmbH also purchased a stake in the firm less than a month prior to Armor Group's investment.
What Percentage Stake Did Armor Group Acquire in HoloSolis?
- Armor Group is a private investment firm focused on renewable energy projects in Europe.
- Armor Group’s stake in HoloSolis is 20%, a significant amount compared to the other founding shareholders.
- The EUR-700-million factory HoloSolis plans to build will have the capacity to produce 10 million solar panels annually.
- Employing approximately 1,700 people, the factory is expected to be open by 2025.
- German family-owned technology group Heraeus Holding GmbH purchased a stake in HoloSolis less than a month prior to Armor Group's investment.
Also read
- Enfinity Boosts US Credit Facility to $245m for Solar Growth
- Ellomay Offloads Nearly Half of Italian Solar Portfolio to Clal
- Valeco Secures Solar Power Deal with French SMEs
- Boric-acid interface pushes all-perovskite tandem cell efficiency to 28.5 %
- GCL Fires Up World’s First GW-Scale Perovskite Tandem Line Factory
