An artistic rendering of the Panda Power Plant in Datong, China: Merchants New Energy . Most solar farms align their solar arrays in r...
Panda Green Energy which formerly known as United Photovoltaics has connected a 50 MW solar array to the grid in northwestern China.The project just began delivering power to a grid in northwestern China, and a second panda is planned for later this year. Called the Panda Power Plant, it will be able to produce 3.2 billion kilowatt-hours of solar energy in 25 years, according to the company. That will eliminate approximately million tons of coal that would have been used to produce electricity, reducing carbon emissions by 2.74 million tons.
In March, a unit Panda Green Energy agreed to start a 601 million yuan ($86.9 million) venture with China Zheyin Synergy Capital Management to invest in companies that are building solar, wind, hydropower and biomass projects. And in April, the group revealed plans to buy a 200 MW solar project in China’s Ningxia region.