ReneSola Power concludes new sale of projects in Poland to Obton


STAMFORD, Connecticut., January 6, 2022 / PRNewswire / – ReneSola Ltd. (“ReneSola Power” or “the Company”) (www.renesolapower.com) (NYSE: SOL), a leading developer of fully integrated solar projects, today announced that in December 2021, the Company closed the sale of 37 MW of solar projects located in Poland to Obton, a leading international solar investment company headquartered in Aarhus, Denmark. The 37 MW portfolio is in addition to the 38 MW sale to Obton announced in July 2021, for a combined total of 75 MW.

The portfolio includes 37 solar service projects across Poland with a capacity of 1 MW each for 33 MW and one project of 4 MW. The projects were awarded to ReneSola Power at the country’s solar energy auction in September 2021. The projects are qualified under the Polish Contract for Difference (CFD) scheme and eligible for a guaranteed rate of 15 years and should be connected to the grid within the next year.

The projects are sold at the “Ready to Build” (RtB) stage. Upon closing of the sale, ReneSola Power will be responsible for EPC management, project financing and final delivery of projects to Obton at COD stage.

Mr. Josef Kastner, CEO of ReneSola Power European Region, said: “This transaction marks a new step in our partnership with Obton. Obton is a strong partner in all countries Europe, and we look forward to future collaboration. ”

ReneSola Power CEO Yumin Liu added, “Our momentum in Europe demonstrates our expertise in the development and operation of solar projects, the closing of financing transactions and the profitable monetization of projects in the region. This transaction further strengthens our leadership position in Poland, which is a particularly attractive market for us. We are waiting Poland to produce profitable growth in the quarters to come.

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global developer and operator of solar projects. The Company focuses on the development of solar energy projects, construction management and project finance services. With local professional teams in more than 10 countries around the world, the company is spread across a number of regions where markets for solar energy projects are developing rapidly and can support this growth through improved policy clarity. government. The Company’s strategy consists of seeking high-margin project development opportunities in these profitable and growing markets; in particular, in the United States and Europe, where the Company occupies a market leadership position in several geographies, including Poland, Hungary, Minnesota and New York. For more information, please visit www.renesolapower.com.

SOURCE ReneSola Ltd.


Comments are closed.