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20 September 2019Further to recent announcements regarding the restructuring of the Company following the completion of the transaction with CleanPeak Energy, the Board of ReNu Energy Limited wishes to announce that its current full time Chief Executive Officer and Managing Director, Mr Craig Ricato, has tendered his resignation. The Board thanks Mr Ricato for his service and leadership.
10 September 2019The Board of ReNu Energy Limited (ASX:RNE) wishes to advise that, following the completion of the transaction with CleanPeak Energy, its current full time CFO & Company Secretary, Mr Matthew Scott, has tendered his resignation allowing the company to appoint a permanent part-time CFO & Company Secretary. ReNu Energy is pleased to welcome Mr Greg Watson as CFO & Company Secretary. Mr Scott is currently providing a handover to Mr Watson and will leave the Company in mid-September 2019.
04 September 2019ReNu Energy Limited announces that it has today completed the sale of its solar operations to CleanPeak Energy Pty Ltd as first announced to shareholders on 2 August 2019. The transaction involved the sale of the ReNu Energy subsidiaries holding the Embedded Networked Operations, Amaroo Solar PV Facility and the energy retail authorisation. ReNu Energy has received $5.775 million in consideration for the sale, following repayment of the Amaroo loan facility ReNu Energy will increase cash holdings by $4.25 million and have no secured loans.
27 November 2018ReNu Energy is pleased to advise that RIWIF has completed its second Bioenergy Alliance Investment by acquiring a 70% interest in ReNu Energy’s existing power generation assets at the AJ Bush bioenergy facility near Beaudesert, Queensland, for a consideration of A$700,000.
21 November 2018ReNu Energy Limited is pleased to advise that it has completed the development of its first four embedded networks, with the finalisation of commissioning of its Solar PV system at the Lismore Central shopping centre. ReNu Energy is now supplying solar electricity to all four of its shopping centre Solar PV Embedded Network projects, which is an important step towards the Company’s immediate goal of becoming cash flow positive.