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
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
- Corsica Sole
- See You Sun
- AdiWatt Caillau
- First Solar
- Recom-Sillia
- Energies de Loire
- Solewa
- Carbon Solar
- Entech
- DAS Solar