EIB Global to invest $60 million in India Energy Transition Fund

EIB Global, the development arm of the European Investment Bank (EIB), will invest up to $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund managed by EAAA Alternatives. The fund aims to accelerate private capital investments in sustainable infrastructure and support India’s decarbonisation goals.

The fund has a target size of $300 million and will provide equity and quasi-equity to greenfield infrastructure projects and growth-stage companies. Investments will focus on renewable energy, energy efficiency, transmission, battery storage, and electric mobility. It will also explore opportunities in circular economy sectors such as recycling and wastewater management.

EIB, the European Union’s long-term lending institution, is owned by its member states and finances projects aligned with EU policy objectives. The bank has supported more than 100 projects in India, investing €5.6 billion across transport, energy, and small and medium enterprises.

EIB Global aims to mobilise €100 billion in investment by 2027 under the EU’s Global Gateway Investment Agenda, which promotes projects that enhance global and regional connectivity in the digital, climate, transport, health, energy, and education sectors.

EAAA Alternatives, which manages about $7.3 billion in assets as of 30 June 2025, operates a diversified platform investing in large, long-term structural opportunities.