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After purchasing a license for PVsyst you have to activate it. This procedure will generate a license file which contains license characteristics. Most of the time you do not need to deal with this file which is fully managed by PVsyst.
The license file (pvsyst.lic) is stored where PVsyst's settings are stored.
The license file can be freely generated by us, therefore just follow the license activation procedure and PVsyst will run back in licensed mode.