EAAA Alternatives to get $60-M from EIB for energy transition fund

EAAA Alternatives , formerly known as Edelweiss Alternatives, has received a USD 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 will channel equity and quasi-equity into greenfield infrastructure projects and growth-stage companies.