India's ReNew Power Goes Public on Nasdaq Via a SPAC

ReNew Power went public on the Nasdaq Tuesday via a SPAC deal valued at $8 billion. The company, based in India, decided to trade on U.S. markets in part because of the interest in ESG among investors. Sumant Sinha, founder, chairman, and CEO of ReNew Power, touted India’s aggressive goals for clean energy that he expects to boost his company’s efforts and said funds raised by going public will help build out capacity.

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