Not the least bit keen on SPACs generally (albeit MP's been rewarding), but tossing out RMGB given ReNew Energy's significant current solar and wind power generation and aggressive expansion plans in a nation badly in need of enhanced infrastructure, alternatives to coal and old nuclear power generation in India, fast growing economic despite the ongoing SARS-2 tragedy, etc. I've never lived in India, but have visited multiple times for work, colleague's weddings, etc. For now, just non-action monitoring ReNew with a small commitment a la Warde Manuel ....
Backed by Goldman Sachs, ReNew Power is one of the biggest renewable power venture in India in terms of external equity raised and GW commissioned.
renewpower.in
ReNew Power (NASDAQ: RNW) is leading India’s energy transition and global green energy transformation. Our current renewable asset base is 10.4 GW.
renewpower.in