The company created in 2008 and which has 87 employees will cease its activity. Systovi, which has been looking for a buyer since March, has not received a takeover offer.
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. 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. 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, in a press release.