November 24, 2017 11:05 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Panda Green Energy Group Limited

Company Overview

Panda Green Energy Group Limited, an investment holding company, engages in the investment, development, operation, and management of solar power plants in the People’s Republic of China. As of December 31, 2016, the company owned 31 solar power plants with an aggregate installed capacity of 1,291.4 MW in 13 provinces, municipalities, and autonomous regions. It is also involved in the design and installation of solar power systems; and research and development of solar power products and solar technology. The company was formerly known as United Photovoltaics Group Limited and changed its name to Panda Green Energy Group Limited in May 2017. Panda Green Energy Group Limited is headquartered ...

West Tower

Shun Tak Centre

Unit 1012, 10th Floor

168-200 Connaught Road

Central,  

Hong Kong

325 Employees

Phone:

852 3112 8461

Fax:

852 3112 8410

Key Executives for Panda Green Energy Group Limited

Chairman & CEO
Age: 49
Total Annual Compensation: CNY2.5M
Executive President, Company Secretary & Executive Director
Age: 38
Total Annual Compensation: CNY2.8M
CFO & Executive Director
Age: 44
Total Annual Compensation: CNY2.8M
Executive Director
Age: 46
Compensation as of Fiscal Year 2016.

Panda Green Energy Group Limited Key Developments

Panda Green Energy Group Limited Announces Resignation of Academician Yao Jiannian as Non-Executive Director

The board of directors of Panda Green Energy Group Limited announced that Academician Yao Jiannian has resigned from his position as a non-executive Director with effect from 18 October 2017 due to his need to devote more time on his other commitments.

Panda Green Energy Group Limited Announces Group Preliminary Operating Results for the Third Quarter and Nine Months Ended September 30, 2017

Panda Green Energy Group Limited announced group preliminary operating results for the third quarter and nine months ended September 30, 2017. For the quarter, the company's generated electricity in an aggregate volume of approximately 555,328 megawatt-hour (MWh) compared to 388,562 megawatt-hour (MWh) for the same period last year. For the nine months, total electricity generation volume was 1,558,768 megawatt-hour (MWh).

Panda Green Energy Group Limited Announces Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2017

Panda Green Energy Group Limited announced unaudited consolidated cash flow results for the six months ended June 30, 2017. For the six months, the company reported net cash generated from operating activities was RMB 405 million against RMB 8 million a year ago. Capital expenditure was RMB 659 million against RMB 1,348 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 5, 2017
ReneSola Ltd, 24MW of Solar Project in North Carolina
Merger/Acquisition
May 12, 2017
China New Energy Holdings (Hong Kong) Limited
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