ReneSola Power Announces Sale of Remaining 13MW of Project Rights in Poland

CHANGCHUN, China, January. 10, 2019 /PVTIME/ -- ReneSola Ltd ("ReneSola
Power" or the "Company") ( (NYSE: SOL), a leading fully integrated
solar project developer, today announced the sale of its remaining 13MW of
project development rights in Poland to
Warszawskie Przedsi─Öbiorstwo Mostowe Mosty
("Mosty Group"), a Warsaw, Poland-based
renewable energy project developer and EPC service provider.

In November 2018, ReneSola
Power was awarded 26 solar utility projects in Poland
with capacity of 1 MW for each. These remaining 13MW of project rights being
sold are part of those 26 solar projects awarded to ReneSola Power. All of the
26 projects are under Poland's Contract for
Difference (CFD) regime and eligible for a 15-year guaranteed tariff of PLN
354.8-358.8/MWh, close to the highest auction price of PLN 364.9/MWh.

ReneSola Power CEO Yumin Liu commented,
"This sale of project rights to Mosty Group reflects ongoing strong
execution by our European team under the leadership of Mr. Josef Kastner. This deal solidifies our leadership
position in Poland, and opens other
opportunities in Europe. With the closing of
this transaction, we have shown our ability to develop and monetize solar
projects across different geographies and at various points along the
development cycle. We look forward to accelerating our growth and sustaining
our profitability in the year ahead."