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.