Thailand: ReneSola awarded 5MW solar power projects here

Thailand: ReneSola awarded 5MW solar power projects here

RENESOLA LTD, a fully integrated solar project developer and provider of
energy-efficient technology products, yesterday announced that it was
awarded 5 megawatts (MW) of agricultural projects in Thailand.

The Energy Regulation Commission in Thailand recently announced project
winners, who were selected by a lucky-draw system. Winners will participate
in a power-purchase scheme featuring ground-mounted solar farms specific to
certain governmental agency and agricultural cooperative programmes. Of the
projects awarded, 119MW are agricultural cooperative projects and 52MW are
government agency projects.

All of the projects are eligible for a guaranteed tariff of Bt4.12 per kilo
watt hour (kWh). The projects are all expected to be connected to the grid
by December 31, 2018. The electricity generated from the projects will be
sold to the local utility under a 25-year purchase agreement.

Xianshou Li, chairman and chief executive officer of the China headquartered
ReneSola, said: "We are excited to further develop our project business in
Southeast Asia, which is a high-growth market for solar power. This
programme is an example of the innovative ways that the Thai government is
encouraging the development of renewable power in their country. We look
forward to further supporting solar deployment in Thailand and other
Southeast Asian countries."

ReneSola was founded in 2005, and listed on the New York Stock Exchange in
2008. A well-known brand, it is a technology provider of energy efficient
products. Leveraging its global presence and expansive distribution and
sales network, ReneSola sees itself as well-positioned to provide
high-quality green energy products and on-time services for green energy
projects around the world.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com