STAMFORD, Conn., Dec. 21, 2020 /PRNewswire/ -- ReneSola Ltd
("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE:
SOL), a leading fully integrated solar project developer, today
announced that it was awarded 38 solar utility projects in
Poland with capacity of 1 MW for
each.
All of these 38 projects are under Poland's Contract for Difference (CFD) regime
and eligible for a 15-year guaranteed tariff. Our winning bid
price averaged approximately USD$70/MWh, compared to the auction prices that
ranged between USD$51/MWh and
USD$73/MWh. The projects are
expected to be connected to the grid within the next two years.
The Energy Regulation Office in Poland held the country's latest round of
solar power auction on December 3,
2020.
Mr. Josef Kastner, CEO of
ReneSola Power's European Region, commented, "We are excited to
have been awarded the utility projects in Poland as they represent an addition to our
diversified portfolio of solar projects across the globe.
Importantly, this win once again validates our 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 markets."
Mr. Yumin Liu, Chief Executive
Officer of ReneSola Power, added, "Despite ongoing challenging
macro conditions, our European team continues to execute on our
strategy. Specifically, we have made solid progress in
expanding our project portfolio, and we continue to strengthen our
leading position in the solar market in Poland. We are proud
of our team, and believe we are well-positioned to drive more
growth in the years ahead."
About ReneSola Power
ReneSola Power (NYSE: SOL) is a leading global solar project
developer and operator. The Company focuses on solar power project
development, construction management and project financing
services. With local professional teams in more than 10 countries
around the world, the business is spread across a number of regions
where the solar power project markets are growing rapidly, and can
sustain that growth due to improved clarity around government
policies. The Company's strategy is to pursue high-margin project
development opportunities in these profitable and growing markets;
specifically, in the U.S. and Europe, where the Company has a market-leading
position in several geographies, including Poland, Hungary, Minnesota and New
York.
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SOURCE ReneSola Ltd.