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The European Investment Bank’s development arm, EIB Global, is investing up to $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund that will accelerate private capital investment in sustainable infrastructure and support decarbonisation efforts in India. It is the country’s first energy transition fund managed by a domestic fund manager. The announcement was made today in New Delhi by EIB Vice-President Nicola Beer and CEO of EAAA Alternatives Subahoo Chordia.

The fund has a target size of $300 million and will channel equity and quasi-equity into greenfield infrastructure projects and growth-stage companies. Most commitments will go to climate action and environmental sustainability, including renewable energy, energy efficiency, transmission, battery energy storage and electric vehicles, including potentially supporting circular economy sectors such as recycling and wastewater management.

“India is one of Europe’s most important partners in the global green transition. By joining forces with  the India Energy Transition Fund, we are helping to accelerate renewable energy, strengthen energy security and affordability and unlock sustainable infrastructure investment across the country. This initiative shows how EIB Global, as part of the EU Global Gateway strategy, mobilises capital to deliver real climate action, better conditions for households and lower energy prices” said EIB Vice-President Nicola Beer.

“We are delighted to welcome EIB Global as a cornerstone investor in the India Energy Transition Fund. India’s energy transition is both a priority of the country and an attractive investment opportunity. At EAAA Alternatives, we are focused on building sustainable assets through disciplined investing and strong asset management. EIB Global’s partnership adds depth and credibility to this effort, helping us accelerate India’s clean energy and decarbonisation journey while delivering long-term value for investors. Together, we will foster innovation, attract further private capital, and drive long-term sustainable growth,” said CEO of EAAA Alternatives Subahoo Chordia.

By providing growth equity, the fund will help unlock projects under development, accelerate new capacity addition and support companies pioneering clean energy and decarbonisation solutions. The initiative also intends to create opportunities for technology and investment flows between India and the European Union.

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