Panda Green Energy expects to report a loss for the first half of 2018

Facebook
Twitter
LinkedIn
Reddit
Email
Panda Green also noted that its cumulative installed capacity of power plants had reached around 2.1GW in the first half of 2018, indicating little if any project development being undertaken in the reporting period. Image: Panda Green Energy

China-based PV energy provider (PVEP) Panda Green Energy Group said it expected to report a net loss for the first half of 2018 of around RMB 80 million (US$11.7 million).

The company cited several reasons for the expected loss, primarily due to an accounting reduction in the fair value of its 75% equity interest in a company planning to build hydro-electric power stations and 80MW of solar power capacity in Tibet and Sichuan in partnership with the People’s Government of Tibet Autonomous Region. The fair value was reduced on the basis that only 20MW of PV power plants were built in the reporting period.
 
The company is still being impacted by finance costs, which include convertible bonds, which were redeemed early as well as bank and other borrowings undertaken in the last few years to develop its power plant portfolio, which in 2017 had increased by 747.9MW, while cumulative power plant capacity reached 2,087.3MW, up approximately 62% from the prior year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company also noted that it was “re-measuring the value of its financial instruments,” which were subject to the finalization of the valuation results for the reporting period. 

However, Panda Green also noted that its cumulative installed capacity of power plants had reached around 2.1GW in the first half of 2018, indicating little if any project development being undertaken in the reporting period. 

The company guided revenue and EBITDA in the reporting period to have increased by around 50% and 60%, respectively, compared to the prior year period. 

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 11, 2025
Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).
July 11, 2025
Indian independent power producer (IPP) Juniper Green Energy has commissioned an additional 71MWp at Chapalgaon Solar Project in Solapur, Maharashtra.
July 11, 2025
The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.
Premium
July 11, 2025
According to the latest pricing data from the Silicon Industry Branch, released on 9 July, the transaction price range for n-type dense polysilicon has oscillated between RMB34,000-38,000/ton (US$4,741-5,299/ton).
July 11, 2025
The Australian Energy Market Operator (AEMO) has revealed that several utility-scale solar PV power plants experienced curtailment of above 25% in the National Electricity Market (NEM) in 2024.
July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK