Overview
- EIB Global confirmed up to $60 million as a cornerstone investment in the India Energy Transition Fund, which is managed domestically by EAAA Alternatives.
- The fund targets $300 million and plans equity and quasi‑equity deployments across renewables, energy efficiency, transmission, battery storage, electric vehicles, circular‑economy projects.
- Additional financing includes €240 million for a Nagpur Metro extension, a €49.5 million top‑up for Pune Metro, and a $191 million loan to upgrade water and sanitation in Uttarakhand for about 900,000 people.
- EIB materials project a 22% reduction in Nagpur transport emissions at full commissioning and cite indicative fund‑lifetime impacts of roughly 298 million tonnes of CO2 abatement and about 38 million job‑years.
- EAAA has signalled plans to invest around Rs400 billion in India’s clean energy over the next four to five years, targeting roughly 8 GW of projects.