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Panda Green

Panda Green begins recovery as director dramatically ousted in shareholder vote

All the indicators are pointing gradually in the right direction as new owner Beijing Energy bids to put a torrid year behind the solar developer and the company has announced its intent to enter the European solar market and explore hydrogen and energy storage.

Chinese PV Industry Brief: New supply deal for Daqo plus more cell and PV glass production capacity

Chinese polysilicon manufacturer Daqo has secured a long-term supply agreement with PV equipment provider and monocrystalline wafer manufacturer Wuxi Shangji Automation, Shanxi Coal International Energy Group has unveiled a plan to set up a 10 GW heterojunction solar cell production fab and Longi has held its wafer prices.

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More details emerge of missing deposits as auditor reduces Panda Green’s 2019 losses

There was rare good news for the remaining independent shareholders of the state-controlled solar developer, as the overdue 2019 figures were finally published, with new auditor PwC shaving almost $15 million off a near-$540 million loss.

Former Panda Green finance chief backtracks on backdated paperwork interview

Li Hong, former chief finance officer of the now-state-owned Chinese solar developer has reportedly told Panda Green the information he gave KPMG investigators about $146 million of missing project rights payments ‘may not be accurate.’ He has refused to be interviewed again by the investigators.

KMPG finds HK$12m of missing Panda Green deposits ended up in former CEO’s account

The stunning findings of an investigation by the auditor into RMB1,022 million paid by Panda Green for the right to develop solar projects which never materialized included confirmation by the former chief finance officer documents were drawn up after the fact.

Chinese PV Industry Brief: Longi to grow by 10 GW, China opens world’s largest floating PV project

Plus, equipment manufacturer Shangji Automation is set to enter the silicon ingot making game with plans for an 8 GW fab, while state-owned developer Panda Green says it plans to add 500 MW of annual project capacity over the next three years.

Chinese PV Industry Brief: Tongwei freezes cell prices, state body opens procurement round

Longi has also joined the 500 W-plus module club with its new Hi-Mo5 product, while Sunport has announced to expand production of its MWT module.

Chinese PV Industry Brief: 3 GW of new heterojunction capacity and a 1 GW solar-storage-hydrogen project

Talesun has announced plans to deploy 1 GW of new heterojunction solar cell production capacity, while rack manufacturer Akcome Technologies revealed plans to annually produce 2 GW of the same tech. Panda Green, meanwhile, has secured the exclusive rights to a 1 GW project featuring PV and photothermal generation.

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Plans unveiled for 1 GW solar-storage-hydrogen facility in China

Chinese developer Panda Green says it has negotiated exclusive rights to develop a $1.41 billion project in Xinjiang which will feature PV and photothermal generation, hydrogen production and energy storage.

Analyst expects ‘unprecedented’ consolidation of Chinese solar industry

PV manufacturers unable to live with proposed new quality guidelines and project developers alike are set to be squeezed out by the state in the world’s biggest solar market, according to Frank Haugwitz, who has compiled a market update as preparations for the next five-year plan gather pace.

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