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EIB Global Pledges USD 60 Million to India Energy Transition Fund to Accelerate Green Investments
Oct 15, 2025
The European Investment Bank’s development arm, EIB Global, has announced a commitment of up to USD 60 million to the India Energy Transition Fund, a greenfield infrastructure fund managed by EAAA Alternatives. With a target size of USD 300 million, the fund aims to channel private capital into sustainable infrastructure and support India’s ongoing shift toward a low-carbon economy.
The India Energy Transition Fund will invest in renewable energy, energy efficiency, power transmission, electric mobility, and circular economy initiatives, including recycling and wastewater management. It will primarily focus on equity and quasi-equity investments in greenfield infrastructure projects and growth-stage companies driving climate action and environmental sustainability.
Speaking about the collaboration, EIB Vice-President Nicola Beer said:
“India is one of Europe’s key partners in advancing the global green transition. Through our investment in the India Energy Transition Fund, we are helping accelerate renewable energy deployment, enhance energy security and affordability, and unlock sustainable infrastructure investment across the country. This initiative reflects EIB Global’s role under the EU Global Gateway strategy in mobilizing capital for real climate action and lower energy costs.”
Subahoo Chordia, CEO of EAAA Alternatives, welcomed EIB Global’s participation, noting:
“We are delighted to have EIB Global as a cornerstone investor in the India Energy Transition Fund. India’s energy transition represents both a national priority and a compelling investment opportunity. EIB’s involvement brings credibility and depth to our mission of building sustainable assets and accelerating India’s clean energy journey while generating long-term value for investors.”
By providing growth equity, the fund will help unlock under-development projects, accelerate new capacity additions, and back companies pioneering clean energy and decarbonisation technologies. It also seeks to promote innovation, technology exchange, and investment collaboration between India and the European Union, further strengthening global partnerships for sustainable growth.