RENU .0033^10%-Pending Acquisition RenuEn Corporation

New Post Public Reply Private Reply Replies (0) Message Board
FLA

[b]RENU [/b].0033^10%-Pending Acquisition

RenuEn Corporation Issues Corporate Update
Company Obtains Major International Solar Project Through Pending Acquisition of Team Energy, Inc.       07/30 08:30 AM



NEW YORK, NY and ST. CLOUD, FL -- (MARKETWIRE) -- 07/30/12 -- RenuEn Corporation (RENU:$0.0033,$0.0003,10.00%) , a rapidly expanding renewable energy roll up company focused on solar, wind and geothermal energy solutions, is pleased to announce that the Company has secured a 50 MGW Solar project in Pakistan through its pending acquisition of Team Energy, Inc. The project will be managed by a foreign operating subsidiary, which is also joining RenuEn (RENU:$0.0033,$0.0003,10.00%) upon closing of the acquisition. The Power Purchase Agreement (PPA) is guaranteed by the Government of Pakistan and is for 25 years. For their management in the project, the Company will realize income throughout the duration of the PPA.
"Team Energy has extensive international experience in developing power projects and this 50 MGW Solar farm is just one of many they have secured," stated James Scott, CEO of RenuEn (RENU:$0.0033,$0.0003,10.00%) . "This 50 MGW Solar project is a prime example of why the acquisition of Team Energy is so significant for our Company. Their reputation as a leader in large-scale power development projects is outstanding, and we are proud to be joining forces with a company of their caliber."
The projected installed cost is $200 million, and the Company will be choosing its construction partner soon. Government of Pakistan shall be the power purchaser. Project meets all of the criteria for MIGA investment guaranty coverage. MIGA is a division of the World Bank.
"Although our primary focus is on domestic Landfill Compressed Natural Gas, Team Energy has many other opportunities to bring selective projects like this to the Company," commented Don Wood, CEO of Team Energy. "We are very excited to secure such a large and prestigious project like this, and we look forward to continuing to bring these types of specialized projects to RenuEn (RENU:$0.0033,$0.0003,10.00%) ."
About RenuEn Corporation (RENU:$0.0033,$0.0003,10.00%)
RenuEn Corporation (RENU:$0.0033,$0.0003,10.00%) focuses on Geothermal, Wind and Solar Energy Systems sales and installation for the residential, commercial and governmental market place enhanced with a keen eye toward Economic Think Tank Participation specific to the Renewable Energy Industry. Our goal is to be the premier gateway to the renewable energy market for both technology developers and consumer solutions while providing leadership to an expansive and rapidly growing yet simultaneously fragile industry. Fore more information regarding RenuEn Corporation (RENU:$0.0033,$0.0003,10.00%) , please visit: www.renuen.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact and Inquiries for Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462
mike@parvise.com


Get more news on:SYMBOLS: RENUNEWS TYPE: Corporate Events, Corporate Events: Mergers and AcquisitionsSECTORS: Utilities



















RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU RENU

I ONLY POST WHAT I PLAY
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Prospanica Summit 2026: Envisioning More Opportunities Ahead

Updated Category News Views 10

The Road to Envisioning 'Más': A Dive into the Future Let's break down what's ahead with the 2026 Prospanica Summit—a collision of ambition and opportunity set to strike at Marina Del Rey. It's a Saturday—November 7th to be exact—when all this goes down, aiming to shake up the aspirations of Hispanic MBAs and business pros from coast to coast. Think MBAs,...

Continue Reading
TruGolf's E6 Golf Platform Hits 15,000 Courses Milestone

Updated Category News Views 2

E6's Expanding Universe of Courses TruGolf's E6 is swinging big with a library that's breaking records—more than 15,000 real-world golf courses now available on demand. It's a leap of 50% in under a year, an impressive stride for any tech-driven platform, golfing or otherwise. The magic behind this growth? On-demand generation, allowing the software's library to expand...

Continue Reading
Xona's $250M Raise: GPS Transformation Sparks Debate

Updated Category News Views 4

The Satellite Race Heats Up: Xona's Ambitious Leap Hold onto your hats, folks, because Xona's making headlines with a $250 million infusion. This ain't just pocket change—it's part of a rocket-fueled mission to upend the GPS landscape. Imagine a world where GPS is 100 times stronger. That's the pitch, and folks, it's got the market buzzing. Valuation Rocketing: Investor...

Continue Reading
Side Bolsters Art Division with Roboto Acquisition

Updated Category News Views 8

Breaking Into China's Game Art Market The gaming industry's latest buzz centers around Side's acquisition of Roboto Entertainment, a boutique art studio known for crafting immersive game environments. This isn't just another headline grab—this move puts Side smack dab in the heart of China's burgeoning game market with a fresh Chengdu base. Expansion With Strategic...

Continue Reading
Flood Insurance: Crucial for Silver Spring Owners?

Updated Category News Views 5

Flood Risk: A Reality Check for Homeowners Alright folks, let's dive into a topic that's been soaking up attention lately—flood insurance in Silver Spring, Maryland. Seems like everyone assumes they're safe from watery doom if they're standing outside those high-risk FEMA flood zones. But here's the kicker: Glenda Martinez, the big cheese at Xcella Insurance Group,...

Continue Reading
Chemours Set to Release Q3 2026 Results This November

Updated Category News Views 13

Mark Your Calendars for Chemours' Upcoming Earnings If you've got a hand in Chemours' pie, circle November 2 on your calendar. That's the day they pull back the curtain on their Q3 2026 financial results. It's an after-market reveal, and if you're hoping to catch the full picture, they've lined up a conference call at 8:00 a.m. EST the very next day, on November 3. Early...

Continue Reading
Cocoa Market Set to Reach $216.42B by 2031

Updated Category News Views 2

The Sweet Path of Growth Chocolate's got a new aroma wafting over the market, and it's nothing to sniff at. We're looking at a global chocolate bonanza rocketing towards USD 216.42 billion by the time we wrap up 2031. From 2026's USD 178.33 billion, that's quite a leap, tracking an annual growth rate of about 3.9%. If you've got a sweet tooth for numbers, you're not...

Continue Reading
Voter Power Flexes with Early Voting Celebrations

Updated Category News Views 0

Voter Engagement Hits a New High with Nationwide Parties Well, look at that—voter turnout's got its own party scene now, and it's making waves. As Vote Early Day approaches, the folks at When We All Vote are cranking up the volume on civic engagement with what's touted as the biggest Party at the Polls program yet. With almost 700 get-togethers riffing across the U.S.,...

Continue Reading
Former OB/GYN Faces $9M Verdict After Negligence Trial

Updated Category News Views 5

A Tragic Verdict Worth Millions In the heart-wrenching case of former OB/GYN Arthur Park, the verdict has fallen like a ton of bricks. A jury in Bakersfield, California, has determined that Park's negligent care led to fatalities, resulting in a mammoth $9.25 million payout to two grief-stricken families. It's a bitter pill to swallow for Arthur Park, but an expected...

Continue Reading
Cognizant AI Nexus Aims to Tame Enterprise AI Chaos

Updated Category News Views 0

AI Investments Without Returns: The Current Scenario Well, wouldn't you know it? Enterprises have sunk a fortune into AI, and they're wagging their fingers once more at the mounting bills with little to show for it. Play the investment game long enough, and it seems you'll find the numbers don't always rub together and make sparks. This familiar tune of over-budget...

Continue Reading

Top 5 Most Recently Viewed Articles

Agillic's Commitment to Data Security and Compliance Audited

Updated Category News Views 46

Agillic's Robust Commitment to Data Security In today's digital landscape, data security is essential for any organization. Agillic, a leading software company, has taken proactive steps to ensure their platform meets stringent security standards. Recently, they completed an independent audit based on the ISAE 3000 Type 2 framework, demonstrating their unwavering...

Continue Reading
Storykit's Expansion Marks New Era for Video Communication

Updated Category News Views 157

Storykit's Impact on Higher Education Communication Storykit's remarkable success in Europe is now making an impressive impact in the U.S. as universities increasingly adopt the platform for their video communication needs. As the digital landscape evolves and competition heightens among educational institutions, the demand for visually captivating content has escalated...

Continue Reading
Revolutionizing Investments: RockToken's RWA Model for Stability

Updated Category News Views 157

Discovering the Modern Investment Landscape In today's rapidly changing financial environment, traditional assets like gold are being scrutinized more than ever. Investors are beginning to seek alternatives to safeguard their wealth. One of the companies at the forefront of this shift is RockToken, based in New Zealand, which is championing a novel approach to secure...

Continue Reading
Navigating the Year-End Market Turbulence: A 2025 Outlook

Updated Category News Views 151

Understanding Year-End Market Trends The yearly transition from November to December brings a significant focus on market behavior, especially in terms of potential rallies or corrections. The historical data from the past three decades reveals a recurring theme: often, stock indices like the DAX and S&P 500 tend to experience gains during this period. However, as we...

Continue Reading
Agentic AI: Revolutionizing B2B Global Payments Today

Updated Category News Views 36

Shaking Up the Payment Scene with AI Agents When two giants like Sunrate and Mastercard collaborate, you better believe the industry takes notice. This time, they're turning heads with a fresh take on B2B cross-border payments, courtesy of a new white paper unveiled at the 2026 World Artificial Intelligence Conference. Titled 'Beyond Automation: Defining Agentic Global...

Continue Reading