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When installing PVsyst you have to select a folder where to install the program files. Basically, the default one (C:\Program Files\PVsyst7.x or similar) is a good choice.
The installation folder contains mainly the program itself PVsyst.exe (which is called by a shortcut in Windows Start menu) and a set of build-in databases for PV components:
•batteries,
•PV modules,
•inverters,
•...
These databases can not be read or modified outside PVsyst. They will be updated by software updates.