French agrivoltaic developers Calycé and CalyWattSol have set up Calycé Sun to pursue large solar projects on farms, while crowdfunding platform Enerfip has agreed to acquire rival Lumo as domestic investment volumes continue to rise.
The French agrivoltaic developers Calycé and CalyWattSol, partners for several years, are taking the next step in their development by merging their entities.
They have now formed the Calycé Sun joint venture to work with farmers to support agricultural voltaic projects covering a minimum of 10 hectares of adjacent land, taking a comprehensive approach. This joint venture is active in the areas of land identification, agronomic design, development, financing and monitoring of agricultural and energy performance. Also managed by CalyWattSol and Calycé, it currently employs 32 people and is developing more than 60 projects representing 1 GW of solar energy.
The two companies hope to leverage their synergies. Founded in Reims in 2011 by farmers, Calycé has strong roots in the rural community. On the other hand, CalyWattSol, based in Toulouse, is already very active in the design and development of agricultural voltaic projects. Together, their financial strength is also strengthened thanks to the investment of RIVE Private Investment, Watts.Green and Crédit Agricole Nord Est Partenaires.
In a separate development, the crowdfunding platform Enerfip has just acquired its competitor Lumo, which is its first acquisition.
Founded in 2012, Lumo was owned by the Société Générale group. According to Enerfip, it now represents “more than 50% of the French domestic market.”
The other major competitor is Lendosphere, which acquired Lendopolis in November 2024.
With this acquisition, Enerfip reports that it has surpassed the mark of 100,000 involved citizens and one billion euros in investments in projects in the real economy. “This milestone marks a decisive turning point for our industry,” said Julien Hostache, president and co-founder of Enerfip. “The integration of Lumo allows us to expand our mission of providing competitive and transparent savings that enable investments in projects supporting renewable energy production, energy efficiency and sustainable mobility, starting from just €10.”
Between January and June 2025, Enerfip reported raising more than €84 million ($96.9 million) from individual investors to finance 67 projects, representing a 38% increase in funds raised compared to the same period in 2024. About 90% of these funds were allocated to renewable energy projects.
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