ReNu Energy Limited (ASX:RNE) signed a term sheet to acquire 800 KW solar PV project in New South Wales on December 6, 2017. In a separate transaction, ReNu Energy Limited also signed a term sheet to acquire portfolio of five solar PV projects from VivoPower Pty Limited for AUD 0.58 million. The transaction is subject to satisfying several conditions, including connection and development approvals, project financing and completion of detailed due diligence. The term sheet provides ReNu Energy Limited, exclusivity to the end of February 2018 to complete due diligence, finalize and execute a project development agreement with the developer and to obtain finance. ReNu Energy Limited (ASX:RNE) cancelled the acquisition of 800 KW solar PV project in New South Wales on December 6, 2018.