Provided by Dow Jones By Colin Kellaher Indian renewable energy producer ReNew Power Private Ltd. on Wednesday unveiled plans to go public through a combination with blank-check company RMG Acquisition Corp. II. The companies said the deal gives ReNew a pro forma consolidated value of about $8 billion and will provide total proceeds of $1.2 billion, including $345 million held by RMG and $855 million from a fully committed private placement of common stock. ReNew, founded in 2011, is India's biggest renewable power producer, with a portfolio of more than 100 operational utility-scale wind and solar energy projects. ReNew's current shareholders, which include Goldman Sachs Group Inc., Canada Pension Plan Investment Board and Abu Dhabi Investment Authority, will roll a majority of their equity into the combined company for a roughly 70% stake, ReNew and RMG said.