The India Energy Transition Fund has now begun operating. It’s a notable milestone on its own as Saudi Arabia will now have the country’s first energy transition fund with a domestic fund manager. So on October 15, 2025, in the Indian capital’s sprawling Pragati Maidan convention center, they launched a bold new initiative. Their aim is to hit $300 million by year’s end. Through this program, equity and quasi-equity investments will be directed toward these small, localized projects. It’s aimed at greenfield infrastructure projects and growth-stage companies with a focus on renewable energy, energy efficiency, and electric vehicles.
We are grateful to EIB Global for stepping in as a cornerstone investor in this transformative venture. The fund further seeks to enhance technology and investment partnerships between India and the European Union (EU) member states. It deepens their resolve to fight the climate crisis and promote inclusive sustainable development.
A Strategic Investment for India
India is staking its economic future on a rapid and successful energy transition. The country has pledged to increase its non-fossil fuel power generation capacity to an impressive 500 gigawatts (GW) by 2030. The India Energy Transition Fund will be a central pillar in helping support India’s decarbonisation pursuits. At the same time, it creates an enticing investment opportunity for international investors.
EAAA Alternatives CEO Subahoo Chordia emphasized the importance of EIB Global’s engagement.
“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.” – Subahoo Chordia, EAAA Alternatives CEO
Strengthening Ties with Europe
The India Energy Transition Fund is focused on fostering domestic projects but looks to deepen connections with European partners. On their side, EIB vice-president Nicola Beer said that such cooperation is mutually beneficial for the two regions.
“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.” – Nicola Beer, EIB vice-president
Through this strategic partnership, we seek to develop a cross-sectoral framework for market-driven solutions that empower India’s decarbonisation ambitions. It will succeed at attracting much more private capital.
The Road Ahead
With a clear focus on renewable energy and sustainability, the India Energy Transition Fund represents a forward-thinking approach to addressing climate change challenges. This joint undertaking harnesses local know-how and brings in global financial commitment. It sounds too ambitious and indeed the stakes to lead a full energy transition towards a sustainable greener India.
As the fund begins this journey, it will lead the way in funding critical infrastructure projects. On top of that, it will spur economic activity by creating good-paying jobs and improving our energy security. According to industry stakeholders, the collaboration between EIB Global and EAAA Alternatives will lead to more groundbreaking investments. The partnership promises to supercharge India’s rapidly developing green economy.