The European Investment Bank (EIB)Global Partners With India Energy Transition Fund To Mobilize $300 Million For Sustainable Growth And Clean Energy Development In India
The European Investment Bank’s development arm, EIB Global, has announced an investment of up to $60 million in the newly launched India Energy Transition Fund, a greenfield infrastructure fund dedicated to accelerating private capital investment in sustainable infrastructure and advancing decarbonisation in India. This fund marks a major milestone as it is the country’s first energy transition fund managed by a domestic fund manager. The announcement was made in New Delhi by EIB Vice-President Nicola Beer and EAAA Alternatives CEO Subahoo Chordia.
The India Energy Transition Fund has a target size of $300 million and aims to channel both equity and quasi-equity investments into greenfield infrastructure projects and growth-stage companies. The fund’s focus areas include climate action and environmental sustainability, particularly renewable energy, energy efficiency, power transmission, battery energy storage systems (BESS), and electric vehicles. It may also support circular economy initiatives such as recycling and wastewater management.
Through this initiative, EIB Global seeks to strengthen its role in promoting sustainable investment partnerships between Europe and India. EIB Vice-President Nicola Beer emphasized that India is one of Europe’s most important partners in the global green transition. She stated, “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 demonstrates how EIB Global, as part of the EU’s Global Gateway strategy, mobilises capital to deliver real climate action, better conditions for households, and lower energy prices.”
Subahoo Chordia, CEO of EAAA Alternatives, welcomed EIB Global as a cornerstone investor and highlighted the strategic importance of the partnership. He said, “India’s energy transition is both a national priority and a compelling investment opportunity. At EAAA Alternatives, we are committed to building sustainable assets through disciplined investing and robust asset management. EIB Global’s participation brings strong credibility and global expertise, helping us accelerate India’s clean energy and decarbonisation journey while generating long-term value for investors. Together, we will drive innovation, attract more private capital, and foster sustainable growth.”
By providing growth equity, the India Energy Transition Fund will help unlock projects currently under development, enable new capacity additions, and support companies that are pioneering clean energy and decarbonisation technologies. The initiative also aims to facilitate cross-border collaboration between India and the European Union, encouraging technology transfer, investment partnerships, and innovation in the clean energy sector.
This investment underscores EIB Global’s commitment to supporting India’s renewable energy and climate goals, aligning with the nation’s broader mission to achieve sustainable growth, reduce carbon emissions, and strengthen its position as a key player in the global energy transition.