Nov 13 (Reuters) - ReNu Energy Ltd RNE.AX :
* RENU ENERGY EXECUTES HEADS OF AGREEMENT (HOA) WITH GRAINCORP OPERATIONS LIMITED
* HOA FOR EVALUATION AND DEVELOPMENT OF SOLAR PV PROJECTS WITHIN GRAINCORP'S EAST COAST FACILITIES NETWORK
* RENU ENERGY TO BUILD, OWN, OPERATE AND MAINTAIN SOLAR ASSETS ON GRAINCORP PROPERTIES UNDER POWER PURCHASE AGREEMENTS WITH GRAINCORP
* SUBSEQUENT SOLAR PV PROJECTS WILL BE DEVELOPED UNDER SEPARATE AGREEMENTS BETWEEN RENU ENERGY AND GRAINCORP, AFTER PILOT PROJECTS
* DURING EXCLUSIVITY PERIOD, RENU ENERGY AND GRAINCORP WILL WORK TOGETHER TO EVALUATE AND DEVELOP THREE PILOT PROJECT SOLAR PV SITES