Resonance Industrial Water Infrastructure Fund (RIWIF) has acquired a 70 per cent interest in ReNu Energy’s existing power generation assets at the AJ Bush bioenergy facility near Beaudesert, Queensland, for a consideration of $700,000.

In addition, preliminary project works for the Bioenergy Alliance’s further investment in the AJ Bush ‘G4’ Expansion Project are continuing, with geotechnical studies, wastewater analysis and FEED study for the site of the proposed new anaerobic lagoon being recently completed.

The FEED study will form the basis for the detailed design and contracting to be completed in the coming months.

A final investment decision is expected to be made by AJ Bush and the Bioenergy Alliance by early Q1 2019.

Under the Bioenergy Alliance Agreement, ReNu Energy has agreed to provide RIWIF with a first right of refusal over the next four years to take a 70 per cent interest in the development of its next $100 million of bioenergy projects in Australia and New Zealand.

For all projects developed by the Bioenergy Alliance, ReNu Energy will be engaged as head engineering, procurement and construction contractor and will provide ongoing operations, maintenance and management services.

Lauren ‘LJ’ Butler is the Assistant Editor of Utility magazine and has been part of the team at Monkey Media since 2018.

After completing a Bachelor of Media, Communications and Professional Writing at the University of Wollongong in 2014, and prior to writing about the utility sector, LJ worked as a Journalist and Sub Editor across the horticulture, hardware, power equipment, construction and accommodation industries with publishers such as Glenvale Publications, Multimedia Publishing and Bean Media Group.

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