2024-04-17 13:07:09
On Wednesday, Systovi announced the cessation of its activities in a difficult context. “The company is facing the sudden acceleration of Chinese dumping since the summer of 2023 and the regulatory discussions underway in France and Europe, in which it has participated for years, will not have an effect within a compatible time frame with its challenges,” declared the company, based in Carquefou, near Nantes.
Systovi, which has been looking for a buyer since March, has not received a takeover offer. Created in 2008, the company has 87 employees.
“Battle Plan”
The cessation of activity comes as France launched at the beginning of April a “battle plan” to double the rate of deployment of solar energy capacities on its territory by 2030 and support the production of solar panels manufactured in Europe, facing the ultra-industrial domination of China.
The government is counting on the commissioning of two solar panel factories in the country by 2025 to address the industrialization deficit in the photovoltaic sector, where France is seriously lagging behind.
France added 3.2 GW of additional solar production capacity in 2023, after an increase of 2.7 GW in 2022, a very slow progression in the face of the country’s massive decarbonization needs, for a total of 19.3 GW.
However, in its energy roadmap published at the end of November, the government brought forward to 2035 (instead of 2050) the objective of achieving 100 GW of solar production.
The objective is to “produce in France by 2030 40% of the photovoltaic panels that we use”, declared the Minister of the Economy Bruno Le Maire at the beginning of April after a visit to a photovoltaic park in the south of France. .
“We are very sad about this outcome and are now mobilizing all our energy to support as best as possible the women and men who have fought for 15 years to bring French solar into existence,” declared Paul Toulouse, Managing Director of Systovi .
The company achieved a turnover of 21.5 million euros in 2023.
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