A quick summary why I don’t trust them.
The move to Hydrogen following failed Geothermal, Solar and BioEnergy doesn’t excite me at all.
Pinning dreams on small scale Hydrogen projects will go nowhere in next 5 years therefore not touching them again based on current information.
RNE had all of below developments in portfolio at one point with $100m commitment from RIWIF (the Alliance between ReNu Energy and Resonance Industrial Water Infrastructure Fund (RIWIF) to develop A$100m bioenergy portfolio)
Generated Power (including LGC’s) totalling upwards and beyond 10MW was growing!!
RNE advertised the first 4 embedded networks as the first 4 of many more…!!!!
ReNu Energy Limited (ASX: RNE) 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.
ReNu Energy (ASX: RNE) is pleased to announce that it has entered into a HOA with Shopping Centres Australasia Property Group RE Limited (SCA Property Group) to roll out a further four solar PV and embedded network systems to shopping centres in the portfolio of the SCA Property Group in Queensland and Victoria. The HOA remains subject to entry into final binding transaction documents for each shopping centre.
The Amaroo (School) Solar PV Project is the most recent addition to ReNu Energy’s rapidly-growing portfolio of renewable energy assets. In the past week, ReNu Energy has added an aggregate of 2.2 MW of generation capacity, with the acquisition of the Amaroo facility following the commencement of commercial operations at the 1.6 MW Goulburn Bioenergy Project last Monday
ReNu Energy Limited (ASX:RNE) is pleased to announce the execution of two Term Sheets with Astronergy Solar Australia Pty Ltd (Astronergy) for the acquisition of two 5.8MW DC (4.95MW AC) grid connected solar farm developments in South Australia.
ReNu Energy executes Heads of Agreement (HOA) with GrainCorp Operations Limited (GrainCorp), for the evaluation and development of solar PV projects within GrainCorp’s east coast facilities network.
ReNu Energy executed term sheet with Western Australian Meat Marketing Co-operative Limited (WAMMCO) to develop an integrated 3.1MW bioenergy & solar PV facility at WAMMCO’s Katanning WA abattoir….
AJ Bush Rendering Plant
ReNu Energy Limited (ASX: RNE) is pleased to announce the signing of a term sheet with A.J. Bush & Sons (Manufactures) Pty Ltd (AJ Bush), for the construction of a new covered anaerobic lagoon and upgrades to the existing biogas infrastructure and lagoons owned by AJ Bush (the Project).
Goulburn Meatworks
The Goulburn Bioenergy Project is located at the Southern Meats Pty Ltd abattoir in Goulburn, NSW. The project includes an anaerobic digester, which is supplied with wastewater from the abattoir, biogas treatment plant, two 800 kW dual fuel Caterpillar generators and electrical interconnection to the abattoir. The electricity generated is supplied to the abattoir at peak times of the daily billing cycle to reduce the facility’s overall electricity costs.
https://bioenergyinternational.com/...nergy-project-commences-commercial-operation/The Crash….!!!
May 2019 their CFO resigned
ReNu Energy has entered into a Securities Purchase Agreement with CleanPeak Energy for the sale of the ReNu Energy subsidiaries which hold its existing solar assets and energy retail authorisation for $5.775 million less net debt.
ReNu Energy Limited (ASX: RNE) (ReNu Energy) announces that it has completed the sale of its 30% interest in the Goulburn and Beaudesert bioenergy projects to Resonance Water Finance UK Limited (Resonance) announced to the market on 31 July 2020.
Would like to know what the real impact Cooper Basin remediation had on proceedings!!
Abandonment of the Habanero 3 and 4 wells located in the Cooper Basin of South Australia is now complete. The workover rig was released from site on 12 April 2021.
2022 left with nothing
Oh but don’t forget the Cobber
IMO and DYOR
(20min delay)
