SHANGHAI, July 10, 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 was awarded 42 solar utility projects in Poland with capacity of 1 MW for each.
All of these 42 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 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 power to serve the growing energy demand in the region. We look forward to further supporting solar deployment in Poland and other emerging markets."
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
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For investor and media inquiries for ReneSola, please contact:
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
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+86 (138) 1079-1480
In the United States:
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Mr. Ralph Fong
+1 (415) 489-2195
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SOURCE ReneSola Ltd.