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					</table><p>Solar module manufacturer <a href="https://holosolis.com/" target="_blank" rel="noopener">Holosolis</a> plans to establish a photovoltaic module gigafactory in France, with an annual capacity of 5 GW. The gigafactory is set to commence production in 2025, enabling the production of 10 million photovoltaic modules which can meet the energy needs of one million European homes.</p>
<p>Full operations of the plant are scheduled to begin in 2027.</p>
<p>China currently dominates the global photovoltaic module market with an 80% share, while the European Union accounts for only 3%.</p>
<p>Following a thorough review process, Holosolis chose France for the know-how and availability of the workforce, the quality of its infrastructure, and the low-carbon nature of the energy made in the country. The site secured for the gigafactory is across 50 hectares, offering expansion space as new technologies and manufacturing capacities are integrated.</p>
<p>Jan Jacob Boom-Wichers, CEO of Holosolis, said, “We will manufacture the most energy-efficient modules, incorporating the latest photovoltaic technologies, with the lowest carbon footprint and highest social standards. Scale effects and line automation will allow for a competitive cost to rival the global giants in the industry. Our modules will be aimed at three main markets: residential roofing, industrial and commercial roofing, and agrivoltaics.”</p>
<p>Holosolis is already planning to create other solar module production plants in Europe.</p>
<p>Holosolis was founded by <a href="https://www.innoenergy.com/" target="_blank" rel="noopener">EIT InnoEnergy</a>, a cleantech and sustainable energy company supported by the European Union; the <a href="https://www.groupeidec.com/en/" target="_blank" rel="noopener">IDEC Group</a>, a real estate firm; and <a href="https://tse.energy/en/" target="_blank" rel="noopener">TSE</a>, a solar energy producer specializing in agrivoltaics.</p>
<p>Diego Pavía, CEO of EIT InnoEnergy, said, “Holosolis is expected to contribute over 15% towards the alliance&#8217;s goal of achieving an annual capacity of 30 GW by 2025. This target translates to approximately €60 billion (~$64.6 billion) of yearly new GDP in Europe.”</p>
<p>The gigafactory holds strategic significance within the European Union’s <a href="https://www.mercomindia.com/eu-e250-billion-green-industrial-plan" target="_blank" rel="noopener">Green Deal Industrial Plan</a> and is a flagship initiative of the European Solar and Photovoltaics Industrial Alliance (<a href="https://single-market-economy.ec.europa.eu/industry/strategy/industrial-alliances/european-solar-photovoltaic-industry-alliance_en" target="_blank" rel="noopener">ESIA</a>).</p>
<p>The gigafactory will complement Europe&#8217;s <a href="https://www.mercomindia.com/european-union-urged-to-rethink-the-structure-of-its-energy-markets" target="_blank" rel="noopener">REPowerEU plan</a>, which aims to install 600 GW of solar energy by 2030.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gautamee-hazarika/" target="_blank" rel="noopener">More articles from Gautamee.</a><br />
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<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
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Holosolis to Build 5 GW Solar PV Gigafactory in France

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