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Taking Renewable Power Public
Advised by Goldman Sachs, ReNew Power went public via an $8 billion merger in India’s biggest clean-energy deal.
ReNew is India’s leading renewable energy independent power producer. It currently owns and operates solar energy projects for more than 150 commercial and industrial customers across India and is expected to expand in the coming years.
As the world’s third-largest emitter of greenhouse gases, India is pushing to grow its renewable energy capacity. The Goldman Sachs-backed merger of ReNew Power and RMG Acquisition Corporation will help – the combined company plans to invest in wind and solar projects through 2025, funded by cash raised from the deal.