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News: GNC ReNu Energy Executes Heads Of Agreement With Graincorp Operations

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    Nov 13 (Reuters) - ReNu Energy Ltd (RNE) :

    • RENU ENERGY EXECUTES HEADS OF AGREEMENT (HOA) WITH GRAINCORP OPERATIONS LIMITED
    • HOA FOR EVALUATION AND DEVELOPMENT OF SOLAR PV PROJECTS WITHIN GRAINCORP'S EAST COAST FACILITIES NETWORK
    • RENU ENERGY TO BUILD, OWN, OPERATE AND MAINTAIN SOLAR ASSETS ON GRAINCORP PROPERTIES UNDER POWER PURCHASE AGREEMENTS WITH GRAINCORP
    • SUBSEQUENT SOLAR PV PROJECTS WILL BE DEVELOPED UNDER SEPARATE AGREEMENTS BETWEEN RENU ENERGY AND GRAINCORP, AFTER PILOT PROJECTS
    • DURING EXCLUSIVITY PERIOD, RENU ENERGY AND GRAINCORP WILL WORK TOGETHER TO EVALUATE AND DEVELOP THREE PILOT PROJECT SOLAR PV SITES
 
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