Announced

Waaree Energies to acquire Enel Green Power India from Enel Green Power for $92m.

Synopsis

Waaree Energies, a solar panel manufacturing and installation company, agreed to acquire Enel Green Power India from Enel Green Power, a multinational renewable energy corporation, for $92m. “Our mission is the green energy transition, and this acquisition marks a significant milestone in our overall growth strategy. By integrating EGP India’s portfolio, we have a strong runway for additional business opportunities. We are excited about the potential this acquisition holds for delivering greater value to our stakeholders and see it as another important step towards the global energy transition," Hitesh Doshi, Waaree Energies Chairman and Managing Director.

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