ReneSola Awarded 42MW of Solar Power Projects in Poland’s Electricity Auction

All of the 42 solar power projects are under Poland’s Contract for Difference (CFD) regime and eligible for a 15-year guaranteed tariff of PLN 385-392/MWh. These projects are expected to be connected to the utility grid by Q2 and Q3 2018 respectively.

ReneSola, a leading fully-integrated solar power project developer and provider of energy-efficient products, today announced that it was awarded 42 solar utility projects in Poland with capacity of 1 MW for each.

All of these 42 solar power projects are under Poland’s Contract for Difference (CFD) regime and eligible for a 15-year guaranteed tariff of PLN 385-392/MWh. These projects are expected to be connected to the utility grid by Q2 and Q3 2018 respectively.

The Energy Regulation Office in Poland held the country’s latest round of solar power auction on June 29, 2017, in which 352 new solar power projects were selected and eligible to receive subsidies.

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 solar power to serve the growing energy demand in the region. We look forward to further supporting solar deployment in Poland and other emerging markets.”

Source: PRNewswire