- EIB Global invested $60 million in the India Energy Transition Fund, India’s first domestically managed clean energy fund.
- The $300 million fund will drive renewable energy, storage, and EV projects, advancing India’s decarbonisation and EU–India green cooperation.
The European Investment Bank’s development arm, EIB Global, has pledged up to $60 million to the newly launched India Energy Transition Fund, a greenfield infrastructure vehicle aimed at accelerating private investment in sustainable infrastructure and advancing India’s decarbonisation efforts.
The fund, unveiled in New Delhi by EIB Vice-President Nicola Beer and EAAA Alternatives CEO Subahoo Chordia, represents India’s first energy transition fund managed by a domestic fund manager.
Targeting a total corpus of $300 million, the fund will channel equity and quasi-equity investments into greenfield projects and growth-stage companies in sectors such as renewable energy, energy efficiency, power transmission, battery energy storage systems (BESS), and electric mobility. It will also support circular economy initiatives, including recycling and wastewater management.
EIB Global said the investment reinforces its commitment to deepening EU–India cooperation in climate action and sustainable finance.
“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,” said Nicola Beer, EIB Vice-President. “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.”
EAAA Alternatives CEO Subahoo Chordia said EIB Global’s participation as a cornerstone investor adds credibility and global expertise to the fund.
“India’s energy transition is both a national priority and a compelling investment opportunity,” he said. “EIB Global’s involvement helps 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.”
The fund will provide growth equity to unlock projects under development, enable new capacity additions, and back companies pioneering clean energy and decarbonisation technologies. It also promotes technology transfer and cross-border collaboration between India and the European Union.
EIB Global said the initiative aligns with India’s climate and renewable energy ambitions, underscoring its role as a key partner in the global energy transition.