ReneSola Awarded 26MW of Solar Projects in Poland's Electricity Auction

28 Nov 2018

ReneSola Ltd (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, announced that it was awarded 26 solar utility projects in Poland with capacity of 1 MW for each.

All of these 26 projects are under Poland's Contract for Difference (CFD) regime and eligible for a 15-year guaranteed tariff of PLN 354.8-358.8/MWh, close to the highest auction price of PLN 364.9/MWh.

The Energy Regulation Office in Poland held the country's latest round of solar power auction on Nov. 15, 2018.

Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: "We are excited to once again have been awarded the utility projects in Poland. This project's winning validates our team's experience and expertise to deliver reliable, cost-competitive distributed power to serve the growing energy demand in the region. We look forward to further supporting solar deployment in Poland and other emerging markets."

ReneSola | http://www.renesolapower.com