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EAAA Alternatives, formerly known as Edelweiss Alternatives, has raised a $60 million commitment from the European Investment Bank (EIB) for its India Energy Transition Fund, which targets a corpus of USD 300 million. The fund will be used for investing in renewable energy, energy storage, electric mobility, and other green infrastructure assets. "The fund has a target size of $300 million and will channel equity and quasi-equity into greenfield infrastructure projects and growth-stage compani ...Read More >
New Delhi: The European Investment Bank (EIB) is stepping up its presence in India's green transition, using its capital and expertise to plug financing gaps in clean energy, sustainable transport and water infrastructure, top official at the multilateral financial agency told Mint on Thursday. The broad aim is to make lives better, more sustainable and inclusive. By investing in the country's green funds and projects from metro systems to battery storage, the EU's lending arm aims to accelerat ...Read More >
New Delhi: Finance minister Nirmala Sitharaman will advocate for greater financial support to developing countries, stronger development banks tailored to Global South priorities, and enhanced private sector participation in sustainable growth initiatives at three high-level international meetings in July. Sitharaman is on an official visit from 30 June to 5 July to attend the UN's Financing for Development conference in Spain, the 10th annual meeting of the New Development Bank (NDB) in Rio de ...Read More >
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