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Indian money manager EAAA Alternatives is eyeing investing around 400 bln rupees in India's clean energy sector over the next four to five years, targetting around 8 gigawatts of projects through its funds, a top executive said on Tuesday.
EAAA Alternatives on Tuesday got a $60 million commitment from the European Investment Bcoank for the India Energy Transition Fund, which is looking to raise about $300 million by the end of the year.
With commitments from several Indian family offices, the fund has already secured around $170 million of the planned raise.
The Transition Fund could raise up to $500 million, if needed, for investments in climate-focused initiatives such as renewable power generation and clean energy infrastructure, said Subahoo Chordia, EAAA Alternatives CEO.
The fund has identified a pipeline, including projects under development, capacity expansion and support for companies in clean energy and decarbonisation solutions, Chordia said.
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There is a scarcity of equity investment by funds in the Indian clean energy space, he added.
India is looking to double its non-fossil fuel power generation capacity to 500 gigawatts by 2030 as part of expanding its clean energy portfolio.
EAAA Alternatives manages assets of around $7.3 billion as of 30 June 2025.
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