Panda Green Energy Group Limited (formerly known as United Photovoltaics Group Limited, stock code: 00686.HK) is a leading global eco-development solutions provider and headquartered in Hong Kong. The Company is listed on the Main Board of the Stock Exchange of Hong Kong Limited, which is now a constituent of the Hang Seng Composite Index Series, the Hang Seng Global Composite Index and the MSCI China Small Cap Index. The Company's new energy projects are located throughout the country and some overseas regions, including Inner Mongolia, Qinghai, Ningxia, Shanxi, Hubei, Xinjiang, Gansu, Yunnan, Shandong, Jiangsu, Hebei, Guangdong and other six regions in the UK.
As a global new energy resources integration platform, Panda Green Energy has attracted a number of domestic and foreign large institutional investors. In addition to China Merchants New Energy, the largest shareholder, the Company’s other main shareholders include ORIX, the international large-scale comprehensive financial services group, China Huarong, one of China's four major asset management companies, and the Asia Climate Partners (ACP) under the Asian Development Bank (ADB). ORIX currently has branches spreading across 36 countries and regions around the world. It engages in dozens of industries main including environmental protection, new energy and finance. ORIX is the most active and powerful investor of clean energy sector in the Asia-Pacific area, as well as the largest renewable energy investor and operator in Japan, owning renewable energy projects worldwide with total capacity of more than 7GW. China Huarong is a state-owned large non-banking financial institution approved by the State Council, co-sponsored by the Ministry of Finance and China Life. As at the end of 2016, its total assets have exceeded RMB1.4 trillion. China Huarong has a solid financial capital background, with advantages in connecting local government resources. ACP is a climate fund jointly initiated by ADB, Robeco and ORIX in 2014, aimed at investing in clean energy, resource efficiency and environmental protection. The joining of high-quality shareholders not only recognized Panda Green Energy’s achievements in new energy, business management and corporate governance, but also represented the strong confidence from the domestic and overseas large financial institutions towards new energy industry prospects and the Company's development potential.
In response to the China’s “Belt and Road” initiative, the Group has entered into a strategic cooperation agreement with the United Nations Development Programme (UNDP), planning to jointly build Panda Solar Power Plants along the “Belt and Road” routes, and providing an array of energy solutions. “Panda Solar Power Plant” has been introduced by UNDP as “Youth Engagement and Innovation to Promote Sustainable Development” plan and will be carried out around the world, meanwhile, it is also one of the “Belt and Road” projects under the Action Plan signed by Chinese Central Government and UNDP to jointly promote “Belt and Road” construction. By adapting the building of Panda Solar Power Plants to local conditions, Panda Green Energy will provide an array of energy solutions to the “Belt and Road” related countries, covering hydro energy, wind energy, solar energy, biomass energy and energy storage etc., and eventually realize the global sharing of advanced energy production capacity, and the ecological output of advanced concepts and lifestyles.