India’s ReNew Power to list on Nasdaq following US$8bn deal with US SPAC Email ReNew Power has a portfolio of more than 100 operational utility-scale PV and wind projects in India. Image: ReNew Power via Twitter. Independent power producer ReNew Power has agreed to go public through a merger with RMG Acquisition Corporation II, a US special purpose acquisition company (SPAC), in a deal that values the combined entity at US$8 billion. India-based ReNew said the transaction will bolster its position in solar and wind generation in its home market by funding medium-term growth opportunities, as well as paying down debt.