PERTH: ReNu Energy Limited has completed the sale of its 30% interest in the Goulburn and Beaudesert bioenergy projects to Resonance Water Finance UK Limited, a news release said.
ReNu Energy has received $500,000 in consideration for the sale and further payments of approximately $280,000 for the second generator project at the Beaudesert facility, accrued interest on project loans and other services.
Following completion of the sale to Resonance, ReNuEnergy is well positioned to complete the works to allow the surrender of GRL3 in the Cooper Basin and actively seek new merger or acquisition opportunities.