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EAAA India Alternatives, part of Edelweiss Group, launched its India Energy Transition Fund (IETF) to invest in greenfield energy projects with a first close of $175 million. The fund aims to reach a $500 million target within 18 months.

The European Investment Bank committed $60 million, recognizing India's potential for renewable energy growth. IETF plans to create platforms targeting power transmission, utility-scale renewables, and commercial solar. By leveraging equity, IETF could support projects worth $2 billion.