New Delhi, Oct 14
The European Investment Bank’s development arm, EIB Global, on Tuesday announced $60 million worth of investment in the India Energy Transition Fund, a new greenfield infrastructure fund.
The fund will invest in the Indian energy sector, including renewable energy, energy efficiency, transmission, electric vehicles and circular economy projects, the release from EIB Global said.
Most commitments will go to climate action and environmental sustainability, including battery energy storage and electric vehicles, including potentially supporting circular economy sectors such as recycling and wastewater management, the firm said.
The initiative also intends to facilitate technology and investment flows between India and the European Union, EIB Global noted