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Waaree Energies acquires 100 pc of EGP India for ₹792 crore

EPR Magazine (Electrical & Power Review)

|

February 2025

This acquisition positions Waaree among the leading renewable energy Independent Power Producers IPPs) in the country and expands its project development pipeline, building on recent successes, including a utility auction win in Madhya Pradesh.

Waaree Energies acquires 100 pc of EGP India for ₹792 crore

Waaree Energies Limited, signed a definitive agreement to acquire 100 percent of Enel Green Power India Pvt Ltd ("EGP India") from Enel Green Power Development S.R.L. The value of acquisition currently stands at INR 792 Cr, subject to customary closing adjustments.

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