Betting on green

There has been a recent spurt of investor interest in India's renewables space, with the outlook for the sector, as well as for electricity demand growth, remaining strong

Topics
Renewable energy market | Renewable energy in India | green power

Vandana Gombar 

Vandana Gombar

India’s largest clean power producer ReNew Power will soon merge with blank-check company RMG Acquisition Corp. II, then become Renew Energy Global, and trade on the Nasdaq.

The merger will extend a wave of clean-tech deals involving special purpose acquisition companies in the US, to include India’s growing renewables market. Announced last month, the deal will give Goldman Sachs-backed ReNew — which has over 5 gigawatts of commissioned capacity — an enterprise value of $8 billion. In January, Total of France said it was acquiring a 50 per cent stake in the 2.4 ...

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First Published: Tue, March 02 2021. 23:10 IST
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