SHANGHAI, Jan. 6, 2017 /PRNewswire/ -- ReneSola Ltd
("ReneSola") (www.renesola.com) (NYSE: SOL), a leading
fully-integrated solar project developer and provider of
energy-efficient products, today announced that it won 13 solar
utility projects in southern Poland, each with a capacity of 1
MW.
All of these 13 projects are eligible for a guaranteed tariff of
PLN 408.8/MWh, which is the highest
in the auction. The projects are
all expected to be connected to the grid by December 2017. The electricity generated from
those projects will be sold to the local utility under a 15-year
purchase agreement.
The Energy Regulation Office in Poland held the country's inaugural solar
power auction on December 30, 2016.
In this first auction for small-scale installations, 76 new solar
projects received subsidies, equivalent to about 70MW of
capacity.
Xianshou Li, Chairman and Chief Executive Officer of ReneSola,
commented: "We are excited to have been awarded the utility
projects in Poland as they
represent an addition to the Company's diversified portfolio of
solar projects across the globe. Our team has the experience and
expertise to deliver reliable, cost-competitive distributed power
to serve Poland's growing energy
demand, and we are proud to have the opportunity to accelerate the
country's transition to a robust clean energy economy. We
look forward to leveraging the project win to further support solar
deployment in Poland and other
emerging markets."
About ReneSola
Founded in 2005, and listed on the New York Stock Exchange in
2008, ReneSola (NYSE: SOL) is an international leading brand and
technology provider of energy efficient products. Leveraging its
global presence and expansive distribution and sales network,
ReneSola is well positioned to provide its highest quality green
energy products and on-time services for EPC, installers, and green
energy projects around the world. For more information, please
visit www.renesola.com.
Safe Harbor Statement
This press release contains statements that constitute
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Whenever you
read a statement that is not simply a statement of historical fact
(such as when the Company describes what it "believes," "plans,"
"expects" or "anticipates" will occur, what "will" or "could"
happen, and other similar statements), you must remember that the
Company's expectations may not be correct, even though it believes
that they are reasonable. The Company does not guarantee that the
forward-looking statements will happen as described or that they
will happen at all. Further information regarding risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements is included in the
Company's filings with the U.S. Securities and Exchange Commission,
including the Company's annual report on Form 20-F. The Company
undertakes no obligation, beyond that required by law, to update
any forward-looking statement to reflect events or circumstances
after the date on which the statement is made, even though the
Company's situation may change in the future.
For investor and media inquiries for ReneSola, please
contact:
In China:
ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
ir@renesola.com
The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
gary@blueshirtgroup.com
In the United
States:
The Blueshirt Group
Mr. Ralph Fong
+1 (415) 489-2195
ralph@blueshirtgroup.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/renesola-awarded-13mw-of-solar-projects-in-polands-first-electricity-auction-300386986.html
SOURCE ReneSola Ltd.