EIB Global invests $60 million in India’s domestic energy transition fund to boost green infrastructure
Press Release, 15 October 2025
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, marking a major step in accelerating India’s clean energy and decarbonisation efforts. The fund—India’s first energy transition vehicle managed by a domestic fund manager—aims to mobilize private capital for large-scale sustainable infrastructure projects. The announcement was made in New Delhi by EIB Vice-President Nicola Beer and EAAA Alternatives CEO Subahoo Chordia.
With a target corpus of $300 million, the India Energy Transition Fund will channel equity and quasi-equity into greenfield infrastructure projects and growth-stage companies. Its investments will focus on renewable energy, energy efficiency, transmission infrastructure, battery storage systems, and electric mobility, while also exploring opportunities in the circular economy, including recycling and wastewater management. By infusing long-term growth equity, the fund seeks to unlock under-development projects, accelerate capacity addition, and support clean-tech innovators shaping India’s green future.
Speaking on the occasion, Nicola Beer emphasized that India remains a “key partner in the global green transition,” adding that the investment aligns with the EU’s Global Gateway strategy, which mobilizes capital for climate action and affordable energy. Subahoo Chordia, CEO of EAAA Alternatives, highlighted that the partnership adds “depth and credibility” to India’s clean energy journey, attracting more private investment while delivering long-term value for investors.
EIB Global’s contribution serves as a cornerstone investment, strengthening ties between India and the European Union through technology exchange and sustainable finance. The initiative underscores Europe’s growing engagement in India’s renewable transition, complementing the nation’s efforts to expand green energy access and reduce carbon emissions.
Since beginning its operations in India in 1993, the EIB has supported over 100 projects, investing €5.6 billion across energy, transport, and SME sectors. Through EIB Global, the bank aims to back €100 billion in investments worldwide by 2027, making this collaboration a key milestone in the broader mission to power a low-carbon future.
