I have asked a question by email relating to ownership od Solar Assets for which the answer is as follows.
Q- "Is it correct RNE have rights to 30% of Bioenergy assets but 100% rights to Solar PV. The way this report reads is suggests otherwise?"
A- It is correct that ReNu has provided RIWIF with a first right of refusal to take a 70% interest in our bioenergy projects (up to a $100m portfolio). That right does not extend to solar (co-located with bioenergy or otherwise). I assume that is just a confusion from their wording.
That said, with co-located solar & bioenergy, as you can imagine there are challenges with separation of interests in different types of generation assets under one PPA, as well as efficiencies in project construction and O&M – so we take a case by case approach on bioenergy projects. Clearly the main driver for us is access to capital to build projects, however our long term aim is to own as much of each project as possible.
Good luck to all.
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