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ReNew Energy Global PLC Announces Proposed Board of Directors for Post-Combination Company

ReNew Energy Global PLC Announces Proposed Board of Directors for Post-Combination Company
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Indian renewables' credit quality intact: Moody's

Indian renewables credit quality intact: Moody s
By
IANS
|
Published on
Tue, Mar 9 2021 13:57 IST
|
1 Views
Moody s.. Image Source: IANS News
Singapore, March 9 : Although Indian renewable energy companies failed to meet generation targets in fiscal years 2019 and 2020 that ended in March 2019 and March 2020 respectively, they will be able to withstand the impact of this underperformance thanks to large and diversified portfolios, according to a report by Moody s Investors Service.
About 15%-20% of Indian wind and solar projects did not meet capacity utilization targets in fiscal years 2019 and 2020 because of wind generation curtailments and lower irradiance for solar projects, which were responsible for 56% and 68% of the underperformance respectively, said Abhishek Tyagi, a Moody s Vice President and Senior Analyst. ....

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ReNew Power, India's leading renewable energy company, to publicly list through business combination with RMG Acquisition Corporation II in $8 billion transaction

ReNew Power, India’s leading renewable energy company, to publicly list through business combination with RMG Acquisition Corporation II in $8 billion transaction
26th February 2021
ANTARA/Business Wire
• ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
• Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions
• Total anticipated proceeds of $1.2 billion, comprised of $855 million, upsized, fully-committed private placement of common stock in ReNew Power (the “PIPE”) and $345 million of gross cash held in trust by RMG II, subject to redemptions; anticipated net primary proceeds of approximat ....

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ReNew Power, Indiens führendes Unternehmen für erneuerbare Energien, gibt öffentlich den Unternehmenszusammenschluss mit RMG Acquisition Corporation II in einer Transaktion in Höhe von 8 Mrd. US-Dollar bekannt

ReNew Power, Indiens führendes Unternehmen für erneuerbare Energien, gibt öffentlich den Unternehmenszusammenschluss mit RMG Acquisition Corporation II in einer Transaktion in Höhe von 8 Mrd. US-Dollar bekannt
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ReNew Power, India's Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction

RMG Acquisition Corporation II
ReNew Power, India’s Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction
Wednesday, February 24, 2021 6:44PM IST (1:14PM GMT)

New York, United States & New Delhi, India:

ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions ....

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