ReneSola awarded 13MW portfolio of PV projects in Poland’s first solar auction

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The 13 projects are expected to be completed by December 2017. Image: ReneSola

Solar project developer ReneSola announced Friday that it has won 13 solar projects in southern Poland — each with an installed capacity of 1MW.

These 13 projects are eligible for a guaranteed tariff of PLN 408.8/MW, which is the highest in the auction. The installations are all expected to be completed and connected to the grid by December 2017. Electricity produced by the projects will be sold to a 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, said: “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.”

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