The Panda Power Funds were formed in April 2010 to develop and invest in natural gas power generation and solar energy projects. At this time, the senior management and energy professionals of Panda Energy were transferred to the new fund organization. Since its inception in 1982, the Panda team has developed, financed, constructed and operated large-scale energy facilities both domestically and internationally. The company built the two largest gas-fueled electric generation facilities in the United States totaling 4,500 megawatts of generating capacity. Altogether, Panda has raised almost U.S. $6 billion to develop and build more than 9,000 megawatts of generating capacity. In 2005, Newsweek Magazine recognized Panda as one of the ten most eco-friendly energy companies in the United States.
Today, the Panda Power Funds are exploring and developing value creation opportunities focused on natural gas-fueled power stations and renewable power projects.
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