ReNu Energy Completed Sale of its Solar Operations

ReNu Energy Limited (ASX: RNE) recently completed the sale of its solar operations to CleanPeak Energy Pty Ltd. The company has received $5,775 million in consideration, that will increase its cash holdings by $4.25 million following the repayment of Amaroo loan facility. This came on the back of the company’s strategy to reduce its operating costs and capitalisation of the business.

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