@Yoshio
You'll want to use a recurrence trigger configured to fire once a day.
Unless you need the ability to enter repeating events, I strongly suggest that you create a SharePoint list and add columns for renewal date and any other information that you want to save. SharePoint calendars store dates in a funky way making them hard to deal with. You can create a calendar view of any SharePoint list with a date column.
Please see my example below. I use an OData filter query in my get items action - the query can be seen in the comments area. Also, see the expression that I used in my Compose action in the comments.



Let me know if you need additional help.