Renu Energy climbs on inking agreement with Australia Pacific Airports

Janus Electric Holdings

17/11/2022 24:47

** Shares of Renu Energy Ltd  RNE.AX  rise as much as 19.3%
to A$0.068, their biggest intraday pct gain since Nov 9 
    ** The renewable and clean energy technologies co says its
unit and Australia Pacific Airports (Launceston) have signed an
MoU  urn:newsml:reuters.com:*:nASX692xZG
    ** Says MoU for the development of multi-purpose green
hydrogen project at Launceston Airport in Tasmania 
    ** Co adds in MoU, its unit Countrywide Hydrogen will
commence project design for an initial project size of up to
5-megawatt electrolyser
    ** Co further adds the project design will incorporate
installation of solar array on vacant airport land to provide
behind the meter electricity 
    ** Stock posts its highest since Nov 11 
    ** Stock has fallen 29.6% this year as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))