SYDNEY: ReNu Energy Limited (ASX: RNE) announced plans to acquire 100% of the issued share capital of Janus Electric Limited, a strategic acquisition that aims to position ReNu Energy as a leader in heavy transport electrification. The acquisition will be executed through a Share Purchase Agreement, with ReNu Energy issuing 50 million shares on a…
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ReNu Energy to sell hydrogen business
SYDNEY: ReNu Energy Limited (ASX: RNE) announced Thursday it has agreed, subject to shareholder approval, to sell its Countrywide Hydrogen Business, including its Tasmanian green hydrogen project, to Countrywide Hydrogen Holdings Pty Ltd, an entity controlled by ReNu Energy’s management team. On October 14, 2024, ReNu Energy received a non-binding indicative offer from its management…
ReNu Energy to acquire Countrywide Renewable Hydrogen for $8mn
SYDNEY, AUSTRALIA: ReNu Energy Limited has entered into a Share Purchase Agreement to acquire 100% of the issued capital of Australian green hydrogen business, Countrywide Renewable Hydrogen Limited (CRH). ReNu Energy will acquire CRH through the issue of 134,659,520 fully paid ordinary shares at $0.0688 per share. Pricing represents ReNu Energy’s 10-day volume weighted average…
ReNu Energy completes sale of 30% interest in Goulburn and Beaudesert bioenergy projects
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…