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ReneSola awarded 33 MW of solar projects in Poland's electricity auction

Christian Fernsby |
ReneSola announced that it was awarded 29 solar utility projects with capacity of 1 MW for each and 1 larger-scale utility project with a capacity of 4 MW.

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Topics: RENESOLA   

All of these 30 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 $58/MWh for the 4 MW project and USD$ 61/MWh for the 1MW projects. 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 June 8th and 11th, 2021.

Mr. Josef Kastner, CEO of ReneSola Power's European Region, commented, "We are excited to once again secure the utility projects in Poland. Importantly, our team continues to execute on our strategy, and this win is a testament to our expertise in delivering reliable, cost-competitive distributed power to serve the growing energy demand in the region."

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