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