Turnover: 21.5 million EUR (2023)

Country: France

French manufacturer of solar panels

News

French solar panel manufacturer Systovi to cease operations due to Chinese dumping 17/04/2024

  • Systovi, founded in 2008, has 87 employees.
  • - France has added 3.2 GW (gigawatts) of additional solar production capacity in 2023, following an increase of 2.7 GW in 2022, for a total of 19.3 GW.
  • - The French government's objective is to double the rate of deployment of solar power capacity by 2030.
  • - The government is also aiming for France to produce 40% of the photovoltaic panels it uses by 2030.
  • - France's solar production target has been brought forward to 2035, to reach 100 GW, instead of 2050.
  • - Systovi achieved sales of 21.5 million euros in 2023.

Systovi plays for its future against the Chinese steamroller 14/03/2024

  • - Only two French manufacturers of photovoltaic panels in existence: Systovi and Voltec Solar.
  • - Systovi has 87 employees.
  • - Systovi was founded in 2008.
  • - In 2016, the Cetih group acquired a 95% stake in 2018.
  • - Cetih posted sales of 300 million euros with 1,500 employees in 2022.
  • - Cetih has invested nearly 45 million euros in Systovi.
  • - By 2023, Systovi has increased its capacity to 200,000 panels per year, equivalent to 80 megawatts installed.
  • - For the year ended August, Systovi posted sales of 21.5 million euros, compared with 12 million the previous year.
  • Order intake rose by 50%.
  • - The price of Chinese products is four times lower than Systovi's.
  • - There are seven panel manufacturers in Europe.

Photovoltaic Systovi aims to double its French panel production 22/03/2023

  • - 1.5 million euros to double production in a new factory
  • - 200,000 panels per year (80 megawatts peak)
  • - Sales of over 20 million euros
  • - Potential to reach 1 million panels per year
  • - Innovation in the design of panels four times lighter.

Studies mentioning this company

The solar panel market - France

Other companies mentioned:

  • Solarwatt France
  • SunPower
  • JinkoSolar
  • Green Yellow
  • Voltec Solar
  • Voltalia
  • CETIH
  • Holosis
  • France Solar
  • Créawatt
  • Reden Solar
  • VSB Energie Nouvelles France
  • TSE Energy
  • Engie Green (Engie groupe)
  • Dracula Technologies
  • LONGi
  • Mylight Systems
  • MyLight150
  • We Recycle Solar
  • Photosol (Rubis groupe)
  • Giudicelli Groupe Voltaïca
  • Verlaine Groupe
  • Dualsun
  • Exasun
  • Energetica
  • Heckert Solar
  • Systovi
  • Manuloc
  • Heliup
  • Corsica Sole
  • See You Sun
  • AdiWatt Caillau
  • First Solar

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