Italian energy major Enel files international arbitration against Waaree Energies

The renewable energy sector in India is attracting significant foreign investment, but such disputes highlight the legal and operational risks involved in cross-border M&A. This incident could lead to increased scrutiny of due diligence processes for Indian renewable firms.

• •Italian energy giant Enel SpA has launched arbitration proceedings against solar manufacturer Waaree Energies Ltd.
• •The case, filed in London, concerns alleged loss of profits following a failed acquisition of Enel's Indian renewable arm.
• •Waaree Energies disputes the claims and plans to contest them.
• •The financial impact remains undetermined pending the arbitration outcome.
• •Waaree will explore all legal options.