3 companies for a comprehensive offer

First independent photovoltaic energy producer in France, the Photosol group is present throughout the implementation of each project: development, funding, supervision of PV plant construction and operation. All the necessary skills are provided at each stage by the three companies that make up the Photosol group.

Photosol Développement


Develop and acquire projects

Secure contracts for construction and procurement of equipment

Provide support and supervision at all stages of plant construction


Secure long-term contracts

Control construction costs

Ensure quality building

Prepare the power stations to be operational for over 20 years

Figures - End 2017

250 MWp total capacity of operational power stations

Projects totalling 300 MWp in capacity currently under development in France

Photosol Invest 1 & 2


Design low-risk financial products for investors and, underlying this, build and operate PV power stations (with electricity resale prices secured by contract for 20 years)

Obtain non-recourse bank loans from major banking establishments to fund plant construction


Control the cost of equity

Provide investors with a return on investment corresponding to our initial commitments

Negotiate bank loans with attractive rates

Figures - End 2017

Over 53 M€ funding collected since 2009

Over 1,200 investors

410 M€ project funding completed (non-recourse bank loans), including 195 M€ refinancing in 2016 and 2017

Photom Services


Operation, supervision and technical maintenance of PV power stations

Management of spare-part storage

Control and follow-up of constructor and equipment guarantees


Control and improve plant performance

Reduce operational costs by securing economies of scale for all the plants of the group

Figures - End 2017

Over 400 stakeholders and 15 Mown funds

At full term, Photom Services will be managing plants with a total capacity of 250 MWp

Complementary of Skills

Founded in 2008, the Photosol group combines all the fundamental skills required for the development of solar farms with its three companies and their partners:


Experimented in the successful development and operation of photovoltaic power stations in France and internationally.


In collaboration with our partners (design offices, architects, suppliers…), we have been applying our technical and technological expertise to projects, both operational and under development, since 2008.

Finances, laws and tax systems

Full control of financial, legal and tax engineering, for an enhanced implementation and operation of PV power stations benefiting all involved.

Urbanism and development

An in-depth knowledge of development and urban regulations acquired during real-estate operations and the development of utility-scale PV projects


An extended network of public and private professional partners, built over several years and constantly growing.


A powerful entrepreneurial culture coupled with academic training in advanced-level engineering and business schools.

The Photosol Team

Photosol partners have varied backgrounds and, together, they total over 40 years of experience in the field of renewable energy and over 15 years in financial and real estate investments.

The founders

David Guinard

Photosol CEO and founding partner

HEC school of management (Paris, France)

Robin Ucelli

Photosol president and founding partner

HEC (Paris), CFA (Chartered Financial Analyst)

Ivan Benichou

Photosol founding partner and CEO of Photosol Invest

Civil engineer

The operations team

Benoît Farines

Vice President

ESC-Rouen Business School, Advanced Masters degree in International Finance

Antoine Dubos

In charge of relations with local authorities

Advanced postgraduate degree (French DESS) in Urbanism and city management at the Paris XII Institute for Urbanism in Créteil

Virginie Petit

Administrative and finance manager

TEM advanced business school (France), finance section, chartered accountant

Karim Moutawakkil

Technical director

Technische Universität Berlin / Ruhr University Bochum

Thomas Aubagnac

Business Development Manager

Advanced level University degree in management, Paris-Dauphine University

Rami Daghrir

In charge of operations and maintenance

Montpellier Polytech – Energetics, renewable energies