ReneSola Wins Bid To Build 42 MW Solar Projects In Poland
Zacks Investment Research | Jul 12, 2017 10:24PM ET
ReneSola Ltd. (NYSE:SOL) announced that it has received a contract to build 42 solar projects in Poland of 1 megawatt (MW) each. These fresh contracts were awarded to ReneSola by the Energy Regulation Office in Poland, which held solar power auction on Jun 29, 2017. In the auction, 352 new solar projects were selected and found eligible to receive subsidies.
ReneSola is expected to connect the solar projects to the utility grid by the second and third quarter of 2018. These green energy projects will have a 15-year guaranteed tariff of PLN 385-392/MWh or $103.67-$105.56/MWh.
ReneSola is no stranger to the solar power auction in Poland. Last year, the solar project developer and high quality solar product supplier grabbed a contract from Poland’s inaugural auction to build 13 solar projects of 1MW each in Southern Poland. (read: Zacks Investment Research
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