Panda Green’s H1 PV generation soars 63.9% year on year
China
Merchants New Energy Group (CMNE) — Panda Green Energy’s largest
shareholder — signed an agreement with the UNDP last September to build
panda-shaped PV projects, as part of efforts to raise awareness about
sustainable development among young people in China.
Image: UNDP
Image: UNDP
Aggregate
generation by volume hit 558.6 GWh in the second quarter of this year,
according to preliminary operating statistics released in a statement to
the Hong Kong stock exchange. The company’s solar projects generated
just 342.4 GWh in the April-June period of 2016.
The
group’s subsidiaries own and operate 30 solar projects in China, in
addition to four other PV plants held by its associates. Its total
installed capacity in the country stood at roughly 1.36 GW at the end of
June 2017, from 996 MW a year earlier. In addition, it owns 82.4 MW of solar capacity across six sites in the U.K.
Panda
Green’s biggest market in China is the Inner Mongolia region, where it
has 330 MW installed at eight locations. It operates 200 MW of capacity
four locations in remote Qinghai province, as well as a single 200 MW
installation in the Ningxia
region. It also owns projects in the Xinjiang region, as well as in
Gansu, Hubei, Yunnan, Shandong, Hebei, Zhejiang, Guangdong and Jiangsu
provinces.
In late June, Panda
Green finished building a 50 MW project in Datong county, Shanxi
province, in cooperation with the United Nations Development Program
(UNDP). The solar array is shaped like a panda bear when seen from above.
In
line with its plans to develop more panda-shaped projects in
collaboration with the UNDP, the company changed its name from United
Photovoltaics to Panda Green Energy earlier this year. This week, that
change was finally formally reflected in its listing on the Hong Kong stock exchange, according to an online statement.
