Waaree Energies Locks Horns With Enel In ICC Tribunal Showdown

Waaree Energies Limited has formally disclosed that Enel Green Power Development S.R.L. has initiated arbitration proceedings before the International Chamber of Commerce in London. The case relates to the sale and purchase agreement signed in January 2025 concerning Enel Green Power India Private Limited.  

Background Of The Dispute  
The arbitration request alleges breaches of the share purchase agreement by Waaree Energies, with claims for damages and loss of profits. Waaree has denied the allegations and intends to defend its position before the tribunal.  

Financial Implications  
At this stage, the company has clarified that the financial impact cannot be determined. The outcome will depend on the arbitration proceedings, and Waaree plans to invoke all contractual and legal remedies available.  

Company’s Response Strategy  
Waaree Energies is consulting legal advisors to evaluate the claims and prepare a counterclaim if necessary. The company has emphasized its commitment to protecting shareholder interests.  

Key Highlights  

• Enel Green Power filed arbitration request with ICC  
• Dispute centers on January 2025 share purchase agreement  
• Claims include damages and loss of profits  
• Waaree denies allegations and will contest  
• Financial impact not yet ascertainable  

Sources: Company filing with BSE and NSE, Waaree Energies Limited announcement dated March 16, 2026.