Debt consolidation in the French solar module industry

• Two module makers, Systovi and Voltec Solar, plan to sign up with forces to create a bigger gamer in the French solar manufacturing area.

Systovi and also Voltec Solar stated today that they have actually started talking with each other regarding combining their solar panel production proficiency to produce a bigger player in the French PV module production sector.

The two French firms plan to launch their supposed Belenos project following year, with a business volume target of around EUR250 million within five years. They said their partnership can create numerous hundred straight jobs.

Voltec Solar, based in France's Bas-Rhin area, has a yearly PV module production ability of 200 MW at its manufacturing facility in Alsace. It was established in 2009 and 100%- possessed by the Strub Group. It presently has 120 staff members, with a turnover of EUR30 million ($ 34.2 million) in 2019 as well as a target of EUR50 million for this year.

Voltec Solar is banking in particular on its ecodesign approach, under which it aims to manufacture solar modules with a low environmental effect. In France, it has actually made a decision to prioritize projects with solar modules produced through low-carbon manufacturing processes in its public tenders for utility-scale rooftop and ground-mounted PV plants.

Systovi, based in France's Pays de la Loire region, has actually been active in the property PV market for a number of years. It has separated itself from its competitors by developing its very own solar remedies.

" The goal set by the PPE (France's multiannual power method) is to enhance set up solar capability from 10 GW currently to 44 GW by 2028, which stands for 4 GW installed annually," said François Guérin, director general of CETIH. "It is therefore urgent to produce a French leader in photovoltaics which would considerably add to this ecological challenge."