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.The Chinese PV developer's additions to its solar portfolio in the first six months of the year included projects it acquired, as well as 172.7 MW of capacity it built on its own. Its aggregate installed PV capacity reached 1.46 GW at the end of June, spread across 42 locations. Its cumulative, grid-connected solar capacity rose by 47% year on year in the first half, according to a statement to the Hong Kong stock exchange.
China's Inner Mongolia region remains the company's biggest market, with 270 MW installed. It was followed by Qinghai province, where the company has 200 MW connected to the grid across multiple locations. It also operates a single 200 MW installation in the Ningxia region.
In the first half, Panda Green finished building projects in Tibet, as well as others in Shanxi, Hebei and Zhejiang provinces. It also acquired 82.4 MW of operational PV capacity in the U.K., marking its first foray into overseas solar investment.
It claims it is now considering undisclosed investment opportunities in a range of markets throughout the world, including the U.S., Germany, France, Japan, the Philippines and Australia, as well as countries prioritized under the Chinese government's Belt and Road development strategy. In May, the company signed an investment framework agreement with China Railway Construction Investment to jointly install 29.4 MW of solar in Sri Lanka.
Ground-mounted PV arrays account for roughly 97% of Panda Green's grid-connected portfolio. However, it has ...Den vollständigen Artikel lesen ...