Panda Green to buy 50 MW for $30 million in China
Panda Green Energy has revealed plans to pay CNY 196 million ($29.75 million) to acquire Inner Mongolia Guorun Chayouqianqi Electricity, which owns an operational 50 MW solar plant in northern China.
Panda Green posts $41.9 million profit in H1
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’s H1 PV generation soars 63.9% year on year
Hong Kong-listed PV investor Panda Green Energy’s solar projects in China generated approximately 1,001.9 GWh of electricity in the six months to the end of June, up sharply from 611.2 GWh in the second half of 2016.
United PV to raise $85.4 million with share issuance
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).
United PV forms investment tie-up
Wholly owned group subsidiary Zhaolian Lvyi has agreed to set up a partnership with China Zheyin Synergy Capital Management to invest in companies that are building solar, wind, hydropower and biomass projects.
United PV chooses EPC firms for 50 MW ‘panda’ project
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.
Hareon forecasts 2016 net loss of up to US$69.8 million
The Chinese PV module and cell manufacturer expects a net loss of 380 million yuan (US$55.2 million) to 480 million yuan for the 12 months to December 31.
