Systovi has gone into liquidation, as the commercial court in Nantes, France, has issued an order to do so, citing the solar panel manufacturers failure to find new investors, despite its 80 MW of panel manufacturing capacity.
From pv magazine France
Systovi, a Cetih group subsidiary since 2018, said in a press release this week that it is going into liquidation. The French company based in Carquefou, Loire-Atlantique has been looking for new investors since March.
Despite the intensive search for a buyer, Systovi has not received a takeover offer, it said. Following the decision of the Nantes Commercial Court dated April 17, 2024, the company is forced to announce the immediate cessation of its activ…
Read the full article at: https://www.pv-magazine.com/2024/04/18/french-pv-module-maker-systovi-goes-into-liquidation/