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.