SHANGHAI, Jan. 6, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola") (www.renesola.com) (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, today announced that it won 13 solar utility projects in southern Poland, each with a capacity of 1 MW. 

All of these 13 projects are eligible for a guaranteed tariff of PLN 408.8/MWh, which is the highest in the auction. The projects are all expected to be connected to the grid by December 2017. The electricity generated from those projects will be sold to the local utility under a 15-year purchase agreement.

The Energy Regulation Office in Poland held the country's inaugural solar power auction on December 30, 2016. In this first auction for small-scale installations, 76 new solar projects received subsidies, equivalent to about 70MW of capacity.

Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: "We are excited to have been awarded the utility projects in Poland as they represent an addition to the Company's diversified portfolio of solar projects across the globe. Our team has the experience and expertise to deliver reliable, cost-competitive distributed power to serve Poland's growing energy demand, and we are proud to have the opportunity to accelerate the country's transition to a robust clean energy economy.  We look forward to leveraging the project win to further support solar deployment in Poland and other emerging markets."

About ReneSola

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of energy efficient products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.

Safe Harbor Statement

This press release contains statements that constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "plans," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company's situation may change in the future.

For investor and media inquiries for ReneSola, please contact:

In China:

ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
ir@renesola.com

The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
gary@blueshirtgroup.com

In the United States:

The Blueshirt Group
Mr. Ralph Fong
+1 (415) 489-2195
ralph@blueshirtgroup.com

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SOURCE ReneSola Ltd.