EIB Global Commits USD 60 Mn to India’s First Energy Transition Fund

EIB Global, the development arm of European Investment Bank (EIB), is investing up to USD 60 million in the India Energy Transition Fund, marking a significant step towards accelerating private capital investment in sustainable infrastructure and supporting India’s ambitious decarbonisation efforts. 

Speaking at the announcement, EIB Vice-President Nicola Beer emphasised the strategic importance of the partnership, saying, “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.”

Signalling a new era for clean energy investment and collaboration between India and the European Union, the fund, managed by EAAA Alternatives, stands out as the country’s first energy transition fund overseen by a domestic manager. 

Landmark Green Investment in India

Announced in New Delhi, the partnership was formalised in the presence of EIB Vice-President Nicola Beer and EAAA Alternatives CEO Subahoo Chordia. The India Energy Transition Fund aims for a target size of USD 300 million, channeling both equity and quasi-equity into greenfield infrastructure projects and growth-stage companies across the country.

The fund’s investment priorities include climate action and environmental sustainability, supporting sectors such as renewable energy, energy efficiency, transmission infrastructure, battery energy storage, and electric vehicles. 

Circular economy initiatives like recycling and wastewater management are also set to benefit from these commitments, furthering India’s push toward sustainable development.

EAAA Alternatives CEO Subahoo Chordia said, “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.”

By providing growth equity, the India Energy Transition Fund will help unlock development-stage projects, accelerate the addition of new clean energy capacity, and support companies leading innovations in clean energy and decarbonisation solutions. The initiative also aims to catalyze new opportunities for technology and investment flows between India and the European Union, fostering deeper ties as both regions pursue ambitious climate and energy objectives.