Business Finland Commits EUR 77.8M to Solar Foods’ Industrial Solein Facility

Finnish food technology company Solar Foods has secured EUR 77.8 million in public financing for the construction and commissioning of its industrial-scale Solein production facility in Selkäharju, Lappeenranta. The package, approved by Business Finland, includes a EUR 39.6 million grant and a EUR 38.1 million R&D loan under the EU’s IPCEI framework, contingent on reaching a final investment decision and securing total financing.

Solar Foods plans to reach a final investment decision in 2026, pending customer agreements, EU novel food authorization, and a No Questions Letter from the US FDA. Factory 02 will be built in phases, eventually reaching a capacity of 6,400 tons annually compared to the 160 tons currently produced. Business Finland Director General Lassi Noponen praised the project as a high-ambition, high-expertise investment that will create new industries and future growth for Finland.