(Datong China, 29 June 2017) The world's leading eco-development solutions provider, Panda Green Energy Group Limited (00686.HK, “Panda Green Energy”, formerly known as “United Photovoltaics Group Limited”) is pleased to announce that the world’s first Panda Power Plant in Datong Shanxi was officially connected to the grid and is currently in testing phase.
Datong Panda Power Plant has an install capacity of 100MW, of which the first phase 50MW project was successfully connected to grid. Panda Green Energy formally proposed to construct Panda Power Plant in May 2016, and signed a cooperation agreement with the United Nations Development Program on 1 September. In the same year on 20 November, Datong Panda Power Plant was officially launched. On 14 May this year at the Belt and Road Forum for International Cooperation in Beijing, the Panda Power Plant project was formally incorporated into the Action Plan on Jointly Promoting "Belt and Road" Construction signed by the Chinese government and the United Nations, becoming the important landing projects of China “Belt and Road” initiative.
Datong Panda Power Plant is the starting point of the Panda Green Energy’s global layout on the Panda Power Plant, which is of great significance to the global green energy application, green concept communication and energy transformation. A 100MW Panda Power Plant can provide 3.2 billion kWh of green electricity in 25 years, equivalent to saving 1.056 million tons of coal, or reduce 2.74 million tons of carbon dioxide emissions. In the next five years, Panda Green Energy will carry out the "Panda 100 Program", build Panda Power Plants along the “Belt and Road” countries and areas, and bring in the integrated multi-energy green ecological solutions.