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Waaree Energies acquires Enel Green Power India for ₹792 crore

Jan 11, 2025•over 1 year ago

Contract Type

partnership

MumbaiEnergyRenewable EnergyBiomass Energy

Description

Waaree Energies Limited has announced the acquisition of Enel Green Power India Pvt Ltd (EGP India) for ₹792 crore, positioning Waaree as a significant player among renewable energy Independent Power Producers (IPPs) in India. The strategic move aims to broaden Waaree’s project development pipeline, diversify its revenue streams, and strengthen its wind project execution capabilities.

Company Information

Company

Waaree Energies

Location

Mumbai, Maharashtra, India

About

Waaree Energies is a company focused on providing sustainable energy solutions, with a strong emphasis on the renewable energy sector.

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