Its started off the week just nicely once againReNu Energy Limited (ASX: RNE) is pleased to announce that it has completed the acquisition of its first solar PV asset, the 600 kW (DC) Amaroo Solar PV Project (Amaroo), from VivoPower.
ReNu Energy will receive an adjustment payment equivalent to Amaroo’s net profit from 11 September 2017 to 9 February 2018. The adjustment amount will be finalised within 1 month of settlement.
Amaroo has been operating since December 2015 and is registered as a power station with the Clean Energy Regulator, entitling ReNu Energy to create Large Scale Generation Certificates (LGCs) for all eligible electricity generated. Amaroo is expected to generate approximately 900 LGCs annually.
Ann: ReNu Energy settles Amaroo Solar PV Project acquisition, page-2
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