Panda Green Energy has recorded a profit of CNY 277 million ($41.9 million) for the first half of 2017, up 7% year on year, as it expanded its aggregate installed PV capacity by 468.1 MW.
Panda Green Energy — formerly known as United Photovoltaics — connected a 50 MW solar array to the grid this week in northwestern China.
The Chinese solar investor and developer has revealed plans to issue 700,000,000 shares to Driven Innovation at HK$0.95 per share, representing about 9.39% of its existing issued share capital. It expects net proceeds to reach HK$664.5 million ($85.4 million).
Datong Panda PV, an indirect wholly owned subsidiary of United Photovoltaics, has selected two EPC providers to work on a panda-shaped PV array in northern China’s Shanxi province.
Norwegian-based power solutions company Eltek is installing the systems as part of the United Nation Development Programme (UNDP), with the aim of supplying safe and reliable power to hospital that have poor access to grid electricity in the African country.
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