ReneSola Secures 26 MW In Poland Auction

China’s ReneSola Bagged 26 Utility Scale Solar Power Projects With 1 MW Capacity Each In Poland’s November 15, 2018 Renewable Energy Auction
07:12 AM (Beijing Time) - 30. November 2018
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Out of the 3 renewable energy auctions conducted by URE in Poland, solar got to compete against wind in only 1 of them, AZ/9/2018 held on November 15, 2018, in which ReneSola won 26 projects of 1 MW capacity each. Pictured is the Wilanów Palace in Warsaw, Poland. (Photo Credit: VanWiel/www.goodfreephotos.com)

Key Takeaways

  • ReneSola says it has been awarded 26 utility scale solar power projects in the November 2018 auction conducted by Poland’s Energy Regulation Office
  • All these projects have a capacity of 1 MW each, and the Polish agency mentions on its website that it awarded 554 projects in total in the specific auction
  • The projects won by ReneSola are eligible for a 15-year guaranteed tariff of PLN 354.8 to PLN 358.8 ($94.09 to $95.15) per MWh under the country’s contract for difference

Chinese solar power project developer ReneSola Ltd has announced it has won 26 utility scale projects of 1 MW capacity each in an auction by Poland’s Energy Regulation Office or URE.

In November 2018, Poland conducted 3 renewable energy auctions, of which AZ/9/2018 had solar and wind of not more than 1 MW capacity competing against each other, as per information on the URE website. It awarded 554 projects in the auction.

ReneSola says all the 26 projects it won under the country’s Contract for Difference (CFD) regime are eligible for a 15-year guaranteed tariff of PLN 354.8 to PLN 358.8 ($94.09 to $95.15) per MWh. The highest auction price went up to PLN 364.9 ($96.77) per MWh.

“We are excited to once again have been awarded the utility projects in Poland,” said ReneSola Chairman and CEO Xianshou Li. “We look forward to further supporting solar deployment in Poland and other emerging markets.”

ReneSola is quite active in Poland – in November 2018, it signed a letter of intent to sell 55 Polish PV projects of 1 MW each to Chroma Impact Investment (see ReneSola To Sell 55 MW PV In Poland).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani