The French government is calling for investors to step in to save the Bosch solar assembly plant in Vénissieux, near Lyon, France.
French energy minister Delphine Batho and minister of industrial renewal Arnaud Montebourg said in a statement that the government was working closely with Bosch Solar Energy, which announced its exit from the solar industry last week.
The government said it would continue to support the French solar industry through “this difficult period”.
The two production lines at Vénissieux have an annual capacity of 160MW and the plant, the largest in France, employs 230 people.
Bosch’s decision to exit solar was as a result of the global PV market crisis, said Batho and Montebourg’s joint statement.
The statement said that the French industry had suffered alongside its German neighbours, caused by unfair competition from outside Europe that they said had already cost the industry 14,000 jobs.
Early estimates from Bosch indicate that the company has suffered a total loss of €2.4 billion.