Goldman Sachs-backed ReNew Power to go public in US via $8-bn SPAC deal
India’s largest renewable energy firm ReNew Power said on Wednesday it would go public through an $8 billion merger with a blank-check firm in the biggest deal in the fast-growing clean energy sector in the country.
The deal will be financed with cash proceeds of $1.2 billion, including $855 million in investments from serial blank-check dealmaker Chamath Palihapitiya, funds managed by BlackRock and Sylebra Capital.
