28 Apr 2026
Deal: Sale of 100% of the share capital of Enel Green Power India to Waaree Energies
24 Jan 2025
24 Jan 2025
Trilegal advised Enel in conducting the vendor due diligence and successful implementation of bidding process for execution of transaction documents for the sale of Enel Green Power Development S.r.l.’s 100% shareholding in Enel Green Power India Private Limited, along with its 23 subsidiaries, operating 640 MW (AC) of wind and solar projects, and having approximately 6.5 GW (DC) of pipeline renewable energy projects, to Waaree Energies Limited.
Enel Green Power Development S.r.l. (the Seller) is one of Europe’s largest renewable energy companies and operates renewable energy assets across India through Enel Green Power India Limited (EGPIPL). The operational portfolio also includes projects where EGPIPL holds the majority equity stake, along with a partner. This acquisition by Waaree Energies Limited (India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 13.3 GW), which sees EGPIPL becoming a subsidiary of Waaree Energies Limited, is part of the company’s strategic efforts to diversify its revenue streams and expand its capabilities in the renewable energy sector. With this move, Waaree claims to strengthen its position in the wind energy space and expedite the growth of its Independent Power Producer business.
The Trilegal Corporate Team advising on the mandate was led by Partners Charandeep Kaur and Ankush Goyal and comprised Counsel: Shriyani Datta; Senior Associates: Ramanpreet Singh and Dushyant Sarna; and Associates: Ishaa Mahajan, Harshil Mehta; Natansh Jain, Aarush Pande, Aditya Shah and Pallav Gupta.
The Trilegal Projects Team advising on the mandate was led by Partners Neeraj Menon and Gautam Chabra and comprised Counsel: Akshay Shandilya; and Associates: Vardhikaa Sharma, Nandini Shenai, Nandini Bimbraw, Padmavathy Nehru and Kunal Sharma.
The Trilegal Real Estate Team advising on the mandate was led by Partner Rahul Arora and comprised Counsel: Abhinav Mishra; and Associates: Gaurav Utagikar, Kashish Jaitley, Saraswati Chandrashekhar Rawandale and Tushiq Garg.
The Trilegal Banking & Finance Team advising on the mandate was led by Partner Ameya Khandge; and comprised Counsel: Nikhil Khurana; Associates: Nimrat Dhillon and Aarzoo Gang.
The Trilegal Employment Team advising on the mandate was led by Partner: Veena Gopalakrishnan and comprised Senior Associate: Archita Mohapatra; and Associates: Atishay Kumar and Sandhya Swaminathan.
The Trilegal Competition Team advising on the mandate was led by Partner Gautam Chawla and supported by Associate Madhav Kapoor.
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About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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