SUBSCRIBE
PROFILE

India Approves Acquisition of 640 MW from Enel Green Power by Waaree Energies for 95 Million USD

Waaree Energies finalizes the purchase of Enel Green Power India for 95 million USD, adding 640 MW of solar and wind projects to its portfolio. A strategic transaction for the country’s energy transition.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Waaree Energies, a key player in the renewable energy sector in India, has signed an agreement to acquire Enel Green Power India Private Limited (EGPIPL). The transaction, valued at 95 million USD, includes a portfolio of 640 megawatts (MW) of operational solar and wind projects.

A Strategic Move in a Growing Market

This acquisition marks a significant milestone for Waaree Energies as it seeks to diversify its energy asset portfolio. The acquired portfolio includes projects where Enel Green Power India holds a majority stake, with some co-owned by local partners.

According to Waaree, this transaction will accelerate its development as an Independent Power Producer (IPP) while enhancing its capabilities in wind energy projects.

Context and Challenges for India’s Energy Transition

India has set an ambitious target of generating 500 GW of renewable energy by 2030. This type of transaction underscores the increasing demand for assets aligned with the nation’s renewable energy goals. For Waaree, the acquisition also strengthens its position in a market with growing demand for renewable energy, supported by political incentives and increasing financial backing.

Waaree specified that the acquisition is expected to be finalized within three months, subject to meeting the conditions outlined in the agreements with Enel Green Power Development.

  • Popular on energynews.pro
ACWA Power signs $10bn in energy and financing deals at FII9
Washington invests $100mn to modernise coal plants as exports drop 11%
Nankai Electric Railway signs PPA for 2MW floating solar power plant
ExxonMobil hit by falling prices despite record output in Guyana
Eos Energy secures 228 MWh strategic order from Frontier Power
Vestas boosts quarterly profit and announces €150mn share buyback
The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.
Ørsted deepens losses in the third quarter despite major fundraising
Danish offshore wind giant Ørsted reported a net loss of 1.7 billion kroner in the third quarter, despite a $9.4 billion recapitalisation aimed at strengthening its balance sheet and stabilising operations.
Norway: Rejection of Wind Farm Project in Protected Sami Area
Norway's energy regulator has rejected an application to build a wind farm in the northern Finnmark region due to potential environmental impacts and threats to Indigenous Sami culture.
Ørsted sells 50% of Hornsea 3 project to Apollo for DKK 39 billion
Danish Ørsted has signed an agreement with Apollo to sell a 50% stake in its Hornsea 3 offshore wind farm in the UK, in a strategic transaction valued at approximately DKK 39 billion ($5.43bn).
Eneco Acquires Prowind’s Wind Project Development Business in the Netherlands
Eneco takes over Prowind’s wind project development business in the Netherlands, adding 260 MW to its portfolio. Prowind refocuses on the German market, where demand is growing rapidly.
Envision Energy and ACWA Power Partner to Industrialize Wind Energy in Central Asia and the Middle East
The Chinese wind turbine manufacturer and Saudi operator sign a seven-year framework agreement to deploy local production lines and enhance technological cooperation in several strategic markets.
Iberdrola installs its first offshore HVDC station in the United Kingdom
Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.
Nordex raises full-year EBITDA margin guidance after strong third quarter results
Driven by solid operational performance, Nordex has raised its 2025 EBITDA margin forecast to 7.5–8.5%, up from the previous 5–7%, following a significant improvement in preliminary third-quarter results.
Neoen commissions South Australia’s largest wind farm with 412 MW
Neoen’s Goyder South Wind Farm reaches full generation capacity, strengthening the French group’s presence in Australia’s energy market with 412 MW connected to the grid.
Waddi wind project secures environmental approval from Australian government
The Australian government has granted environmental approval for the 108 MW Waddi Wind Farm, a Tilt Renewables project with construction costs exceeding $400mn.
Scout Clean Energy completes construction of Nimbus wind farm in Arkansas
The 180 MW Nimbus wind project enters its final phase of construction in Arkansas, with commercial operation scheduled for early 2026.
Siemens Gamesa suspends wind turbine plant project in Esbjerg due to lack of visibility
Faced with market uncertainty in Europe, Siemens Gamesa pauses a planned industrial investment in Esbjerg, highlighting structural difficulties in the offshore wind sector.
Political crisis in France slows offshore wind development
Institutional deadlock in France delays tenders and weakens the offshore wind sector, triggering job cuts and major industrial withdrawals from the market.
Ignitis secures EUR 318 million to fund Kelmė wind farm in Lithuania
The Lithuanian energy group has signed a EUR 318 million financing agreement for its 314 MW wind project, the largest in the Baltic states.
BayWa r.e. opens the capital of the Plouisy wind farm to citizen investment
German group BayWa r.e. has tasked Enercoop Bretagne with implementing a citizen investment scheme for its planned wind farm in Plouisy, aiming for shared governance and stronger local involvement.
US wind installations drop 15% but rebound expected in 2027
US wind capacity fell in Q2, but developers anticipate a sharp increase by late 2025, with 46 GW of new capacity forecast by 2029 and a peak in 2027.
Engie and Apple sign 15-year PPA for 173 MW in Italy
Engie has signed a renewable electricity supply contract with Apple covering 173 MW of installed capacity in Italy, with commissioning scheduled between 2026 and 2027.
Renova avance sur un projet éolien terrestre de 280MW à Higashidori avec une nouvelle méthodologie EIE
Renova a soumis une méthodologie d’évaluation environnementale pour un projet éolien terrestre de 280MW à Higashidori, renforçant son positionnement sur les technologies renouvelables au Japon.
JERA Nex BP exits Beacon Wind project amid US market uncertainty
The joint venture between BP and JERA ends its offshore wind ambitions in the United States, citing an unfavourable economic and regulatory environment for continuing the development of the Beacon Wind project.
Q ENERGY surpasses 1 GW in repowering projects through public-private agreement
With a 300 MW partnership signed with Nadara, Q ENERGY exceeds 1 GW of wind repowering projects in France, reinforcing its position in a market driven by public investment dynamics.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.