India's EAAA Alternatives will invest up to 400 billion rupees over the next five years in clean energy
A top executive at Indian money manager EAAA Alternatives said that the company is looking to invest around 400 billion rupees over the next 4 to 5 years in India's clean-energy sector, targeting around 8 gigawatts through its funds.
EAAA Alternatives received a commitment of $60 million from the European Investment Bank on Tuesday for the India Energy Transition Fund. The fund is seeking to raise $300 million before the end the year.
The fund has already raised around $170 Million of the total planned amount.
Subahoo Chordia is the CEO of EAAA Alternatives. He said that the Transition Fund, if necessary, could raise $500 million for climate-focused investments such as clean energy infrastructure and renewable power generation.
Chordia stated that the fund had identified a pipeline of projects, which included those under development, expansions in capacity, and support to companies working on clean energy solutions and decarbonisation.
He added that there is a lack of funds investing in clean energy in India.
India wants to expand its clean energy portfolio by expanding its capacity for non-fossil power generation to 500 gigawatts.
EAAA Alternatives managed assets worth approximately $7.3 billion at the end of June 2025. Sethuraman N. R. in Delhi, and Vijay Kishore edited the report.
(source: Reuters)