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ReneSola Bags 33 MW Solar Projects From Poland’s Electricity Auction

Solar project developer ReneSola Ltd (NYSE: SOL) won 29 solar utility projects with a capacity of 1 MW for each and a larger-scale…

June 30, 2021

1 minute read

Solar project developer ReneSola Ltd (NYSE: SOL) won 29 solar utility projects with a capacity of 1 MW for each and a larger-scale utility project with a total of 4 MW.
Poland’s Contract for Difference (CFD) granted the 30 projects. They were eligible for a 15-year guaranteed tariff.
The winning bid price averaged $58/MWh for the 4 MW project and $ 61/MWh for the 1MW projects. The projects were likely to be connected to the grid within the next two years.
In Poland, the Energy Regulation Office held the country’s latest solar power auction on June 8 and June 11.
Price action: SOL shares traded lower by 2.36% at $9.18 in the market session on the last check Wednesday.