Paul Toulouse, the director of Systovi, one of the last two French producers of photovoltaic panels, is feeling overwhelmed sadness after fifteen years of working with people committed to building a sustainable photovoltaic sector and ensuring the energy transition. Despite giving himself one month to find a buyer, no one showed up, and the Commercial Court of Nantes declared the liquidation of the company on Wednesday, April 17.

Despite around fifty contacts in the sector, none resulted in a viable offer. The lack of regulatory perspective and protection tools for French or European industries has made it easy for Chinese products to dominate the market in Europe. European MP Christophe Clergeau describes Systovi as a company with profitable technologies that has fallen victim to economic attacks from China. He criticizes the passivity of French and continental authorities in protecting European companies from such attacks.

With 87 employees, two-thirds of whom voted for the company’s liquidation, Systovi’s employees are now faced with turning the page after investing in production facilities and being let down by market conditions. Despite voting for liquidation, many employees express disappointment and bitterness at the lack of support from politicians and authorities. The sudden closure of Systovi’s operations highlights the challenges in creating a viable French or European photovoltaic sector.

However, amidst this tragedy, there are lessons that can be learned. The disappearance of Systovi’s manufacturing facility underscores the need for stronger regulatory frameworks that protect domestic industries from unfair competition. Additionally, it highlights the importance of investing in innovation and developing new technologies that can compete with Chinese products on price while maintaining high-quality standards. Finally, it emphasizes the need for greater international cooperation in addressing global challenges such as climate change and promoting sustainable energy solutions.

In conclusion, Paul Toulouse’s story serves as a stark reminder that even successful companies can face unexpected challenges when competing against powerful foreign industries like China. However, with determination and innovation, France can overcome these challenges and establish a competitive photovoltaic industry that contributes to its energy transition goals while protecting its domestic industries from unfair competition.