Panda runs entirely within Amazon's Web Services, so before continuing you will need to sign up for an account and have access to EC2, S3 and SimpleDB services.
If this is the first time you've used EC2, you'll need to ensure you've setup certificates and local environment. Everything is described in Amazon's EC2 Getting Started Guide.
If you would like to run Panda on a different platform, please first follow the Local Installation Guide