Founded in 1982, Panda Energy has developed, financed, constructed and operated large-scale energy facilities both domestically and internationally. The company built the two largest gas-fired merchant electric generation facilities in the United States totaling 4,400 megawatts of generating capacity; was responsible for the first U.S sponsored, internationally financed run-of-the-river hydroelectric project in the state of Nepal; and obtained the first U.S. capital markets financing for construction of a power plant in The People’s Republic of China. Altogether, the company has raised more than U.S. $5 billion to develop and build more than 9,000 megawatts of generating capacity. In 2005, Newsweek Magazine recognized the company as one of the ten most eco-friendly energy companies in the United States for developing the largest biomass-fueled ethanol refinery, with one of the lowest carbon footprints of any facility of its size in the United States. Today, Panda Energy is exploring and developing value creation opportunities in both conventional and renewable energy projects around the world.