Monetizing Our Efforts
Sold 175 MW of projects awarded in the 2016, 2017, 2018, 2019, 2020 and 2021 auctions;
Launched a New Round of PV Farm Development and seeks Shovel-ready Projects in Poland.
Leveraging this auction success, ReneSola Power is partnering with well-known utilities, EPC contractors, Investors, financing institutions and experienced developers for potential cooperation;
ReneSola Power is one of the largest players in Poland.
Business momentum accelerated in recent months. As of December 31, 2021, we had ~594 MW of projects in our development pipeline.
Total installed capacity: 235MW(2016); 344MW(2017); 665MW (2018); 1.15 GW (as of Oct 2019);
New installations: 63MW(2016); 109MW(2017); 321MW (2018); 485 MW (2019); Tender Regime in 2020 with 500 MW for solar, and 2021 with 300 MW for solar.
Competitive project finance available from EU financing institutions and local bank.
In Hungary, we invest in small-scale DG projects. Our late-stage pipeline has a total capacity of 52 MW, as of December 31, 2021.
Ambitious national targets. Environment Minister just announced 40% RES by 2030. Annual growth of 2 GW necessary by 2023.
Consolidated market with experienced international players and high demand in Ready to Build (RTB) projects.
Bid systems supported by government ensure current development on restricted areas: allows PV rooftop, shade houses & ground mounted. Each category benefits from a specific unique tender tariff around USD 0.06 /kwh to USD 0.09/kwh over the 20-year period.
Easy access to financing and have the competitive project financing rate: around 2.5% at 20 years.
In France, we have a project pipeline of 100 MW, all of which are ground-mounted projects.
Well developed market with experienced international players; High demand for Ready to Build (RTB) projects on the market;
Best Solar Yield in Europe, our projects are in south of Spain-- mainly in Murcia Region > 2,000 MWh/MW per year;
Extremely competitive project financing
We have a late-stage pipeline of 286 MW of ground-mounted projects located in various regions across Spain.
Other Successful Cases
ReneSola Power Advantages
Focus on Yangtze river delta area which has high economic growth and strong support China policy.
25-year or above PPA; 85% net meeting, and rest to be sold to the network.
Focus on high credit off-takers and high IRR.
Efficient funding, smooth execution.
New DG projects
We have a late-stage pipeline of 114 MW of DG projects located in various provinces across China.
Beyond the U.S., EU and China, we continue to actively pursue opportunities in other international markets.