EIB Global has announced $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund, aiming to attract $300 million in private investment for India’s sustainable energy sector.
The fund, managed by EAAA Alternatives, will invest in renewable energy, energy efficiency, transmission, electric vehicles, and circular economy projects.
The fund aims to channel equity and quasi-equity into greenfield infrastructure projects and growth-stage companies, with most commitments going to climate action and environmental sustainability.
EIB Vice-President Nicola Beer said the partnership would accelerate renewable energy, strengthen energy security and affordability, and unlock sustainable infrastructure investment across India.
Source – sarkaritel.com
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