France to invest 700 million euros in solar panel factory in Moselle

2023-05-19 14:10:19

The production plant will open in 2025 and will eventually have a capacity of 5 gigawatts.

According to French media reports on May 14, French Industry Minister Roland Leskur said that French President Mark Long would officially announce the establishment of a solar photovoltaic panel production plant in Moselle Province on Monday during the "Choose France" summit, with an investment of 700 million euros. And provide 1,700 jobs.

The production plant will open in 2025 and will eventually have a capacity of 5 gigawatts. Macron will gather foreign business leaders at Versailles to attract foreign investment. Vincent Seitlinger,

a Moselle councillor, called the investment "very good news for our local economy".

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The production plant will open in 2025 and will eventually have a capacity of 5 gigawatts.

2023-05-19 14:10:19

The two sides believe that the industry situation is still grim next year: the contradiction of overcapacity is still deepening, and there is a lack of effective means to cut overcapacity in the short term. It is expected that it will take several years. After the orderly withdrawal of a number of enterprises with weak competitiveness, the industry is expected to usher in a turning point.