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.
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).
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.
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