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17 April 2018ReNu Energy Limited is pleased to announce that it has agreed Heads of Terms with Resonance Asset Management Limited (“Resonance”) for the sale for cash of a 70% majority equity stake in ReNu Energy’s existing bioenergy assets (the “Proposed Transaction”). Resonance advises the specialised international infrastructure investment fund, Resonance Industrial Water Infrastructure Fund Limited (“RIWIF”), which intends to make the investment. Under the terms of the Proposed Transaction, Resonance will also have a First Right of Refusal to make further investments to support the development and growth of a combined bioenergy business portfolio with ReNu Energy of up to A$100m in Australia and New Zealand.
05 April 2018The Board of ReNu Energy Limited is pleased to announce the appointment of Mr Craig Ricato as Acting Chief Executive Officer of the Company. Mr Ricato has been working with the company as an external advisor for the past 6 months, so is well positioned to manage the business during this transition period.
02 June 2017ReNu 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.
19 May 2017Renewable energy company, ReNu Energy Limited is pleased to advise that it has finalised the terms of a Funding Agreement for the Goulburn Bioenergy Project. The Funding Agreement, announced to the market in November 2016, is for $2.1 million in grant funding from the Australian Renewable Energy Agency (ARENA) and will see the construction of an anaerobic lagoon, biogas processing and power generation facility at the Southern Meats sheep abattoir in Goulburn NSW.
18 May 2017Renewable energy company, ReNu Energy, is pleased to announce that it has signed a five year Alliance Agreement with global solar power company VivoPower to acquire solar PV projects in Australia. ReNu Energy and VivoPower have also signed a binding term sheet for ReNu Energy to purchase the 600kW Amaroo Solar PV Project (the Amaroo Project) from VivoPower, subject to final confirmatory due diligence.
02 December 2016As approved at the Company’s Annual General Meeting of shareholders on 25 November 2016, Geodynamics Limited advises that it has changed its name to ReNu Energy Limited. The ASX code for the Company is RNE.
25 November 2016Mr Keith Spence has retired from the board of Geodynamics Limited effective close of today’s Annual General Meeting.
25 November 2016Geodynamics Limited wishes to advise that all resolutions on the Notice of Annual General Meeting were carried on a poll at the Annual General Meeting of the Company held this morning.
25 November 2016Presentation to shareholders by Mr Chris Murray, CEO and Managing Director.
22 December 2015The Board of Geodynamics wishes to advise that a succession plan for the role of CEO and Managing Director has been implemented. Following an internal and external candidate review process, the Board is delighted to announce that Mr. Christopher Murray has been appointed Managing Director & Chief Executive Officer of Geodynamics. Mr Murray will commence his role from 11 January 2016.
18 November 2015Geodynamics Limited is pleased to announce that its wholly owned subsidiary Quantum Power Limited (Quantum) and Rural Funds Management Limited (RFM) have agreed to a restructure of the project arrangements for the Goulburn Biogas Project. Under the revised arrangements Quantum will build, own and operate the project under a long term Power Purchase Agreement (PPA) between Southern Meats and Quantum.
17 November 2015Presentation to shareholders by Mr Geoff Ward, CEO and Managing Director.
17 November 2015Address to shareholders by Mr Keith Spence, at Geodynamics Limited’s Annual General Meeting in Brisbane on 16 November 2015.
03 December 2014Geodynamics Limited wishes to advise that ASIC has granted an extension of the period within which the Corporations Act 2001 required the company to hold its Annual General Meeting.
01 December 2014Geodynamics wishes to advise that, following the unforseen postponement of the Annual General Meeting (AGM) as announced on 27 November 2014, a new meeting has now been scheduled for Monday 8 December 2014.