New Delhi, October 16, 2025: The European Investment Bank’s development arm, EIB Global, has announced a commitment of up to $60 million to the India Energy Transition Fund, managed by EAAA Alternatives, to drive investments in India’s renewable energy and sustainable infrastructure sectors.
With a target size of $300 million, the fund will mobilize private capital for projects in renewable energy, energy efficiency, electric vehicles, transmission, battery storage, and circular economy sectors, including recycling and wastewater management. The initiative supports India’s decarbonization goals while contributing to the European Union’s Global Gateway strategy to strengthen sustainable global connectivity.
The India Energy Transition Fund marks India’s first energy transition fund managed by a domestic fund manager and is positioned to play a pivotal role in accelerating climate action through equity and quasi-equity investments in greenfield infrastructure and growth-stage clean energy companies.
Announcing the collaboration in New Delhi, Nicola Beer, Vice-President, European Investment Bank (EIB), said,
“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.”
Subahoo Chordia, CEO, EAAA Alternatives, added,
“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.”
The fund’s investments will help unlock projects currently under development, accelerate new renewable capacity, and support companies pioneering decarbonization technologies. It is also expected to create opportunities for deeper collaboration between India and the European Union in technology exchange and sustainable investment.
EIB Global aims to support €100 billion in global investment by 2027, contributing one-third of the EU’s Global Gateway Initiative budget to strengthen connectivity across climate, digital, transport, energy, and education sectors. In India, the EIB has financed over €5.6 billion in 100 projects since 1993, including major investments in transport, energy, and SME development.
EAAA Alternatives, one of India’s leading alternative asset managers with $7.3 billion in assets under management, brings more than 15 years of investment experience across private credit and real assets. Its partnership with EIB Global is expected to catalyse further private investment into India’s fast-growing clean energy ecosystem, supporting the country’s path to achieving its 2070 net-zero emissions target.
