Benzinga | Jun 30, 2021 12:25PM EDT

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 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.