ReNu Energy Limited (ASX: RNE) is a clean energy products and services company, delivering independent power solutions through the development of, build, own, operate and maintain renewable energy projects in Australia. The Company’s solar PV and embedded network projects will operate behind the meter, providing electricity directly to its customers in the commercial, industrial and agricultural sectors.
ReNu Energy is pleased to announce that it will supply solar PV and embedded network systems to shopping centres in the portfolio of SCA Property Group. The first four projects will see ReNu Energy install approximately 2.9MW of solar PV and provide embedded network energy supply to the four shopping centres and up to 130 shopping centre tenants. The capital cost of the first four projects is forecast to be $4.33 million and the combined projects are forecast to generate approximately $700,000 EBITDA in their first full year of operation.
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