India’s largest clean power producer ReNew Power will soon merge with blank-check company RMG Acquisition Corp. II, then become Renew Energy Global, and trade on the Nasdaq. The merger will extend a wave of clean-tech deals involving special purpose acquisition companies in the US, to include India’s growing renewables market. Announced last month, the deal will give Goldman Sachs-backed ReNew — which has over 5 gigawatts of commissioned capacity — an enterprise value of $8 billion. In January, Total of France said it was acquiring a 50 per cent stake in the 2.4 g.....

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