Highlights

The Finnish solar manufacturer must raise €3.5 million from a convertible bond issued on Monday and which closes on December 18. Generate the cash and production is expected to start at the Solitek facility in Vilnius early next year. Fail, and (almost) all bets are off.

Firming up the payment system for solar energy exported back into the grid from PV-powered pumps will offer owners a new revenue stream, eat into a $1 billion annual diesel fuel bill and reduce strain on the grid by up to 1.5 GW daily during the agricultural season.

Electricity regulator ANEEL has proposed applying a fee for solar systems with up to 5 MW of generation capacity and reducing energy payments for participants in the nation’s net metering program.

Chinese thin film manufacturer Hanergy told pv magazine in August the manufacturing division of Solibro had ceased to be one of its subsidiaries in December 2015 but a company presentation issued six months later would appear to indicate otherwise. Hanergy has been approached for comment.

Insolvency proceedings have been opened against the assets of the German thin-film solar manufacturer. A proposed reorganization failed because investors did not provide sufficient capital. Some 180 employees will lose their jobs.

The Institute for Essential Services Reform (IESR), an Indonesian think tank, has reported that the country has the potential to install up to 655 GW of rooftop PV capacity. Contrast that with a current installed capacity of just 100 MW, and it’s clear that solar PV still has a long way to go before it reaches its potential throughout Indonesia. Given the poor air quality in many heavily populated cities across the archipelago, PV deployment is long overdue in the Southeast Asian nation.

The latest figures released by BloombergNEF show new solar and onshore wind power plants have reached parity with average wholesale prices in California, China and parts of Europe. The technologies are winning the race to be the cheapest sources of new generation for two-thirds of the world’s population.

The mono giant has announced the latest aspect of a strategy to massively increase production capacity which is currently set to cost around $3.32 billion. Longi last week issued $710 million of new convertible bonds for investors.

The World Climate Summit in Santiago de Chile, set to be held in just a few weeks, has just been cancelled. Against a background of social protests in the country, concerns have recently grown as to whether logistics and security could be guaranteed for the event. Nevertheless, social problems and environmental protection must not be played off against each other: Both are closely linked to the economic paradigms of recent decades.

With solar energy about to reach the iconic terawatt (TW) milestone of globally installed PV capacity, waste handling and end-of-life (EoL) scenarios become a pressing matter.