The Asian Infrastructure Investment Bank’s (AIIB) latest project will increase the supply of renewable energy in India by mobilizing private capital. The project provides a USD100-million loan to L&T Infrastructure Finance Company Limited (LTIF), a subsidiary of L&T Finance Holdings Ltd and a leading non-bank financier of renewable energy in India. The financing marks AIIB’s first loan to a non-banking finance company (NBFC).
The loan proceeds will be used to on-lend to wind and solar power infrastructure projects throughout India. The loan mobilizes private capital from sponsors, other financiers and LTIF’s own sources.
India is committed to reducing its carbon intensity by 30 to 35 percent of 2005 levels by 2030 under the Paris Agreement. The country will need to increase the share of non-fossil fuels in its energy mix if it is to achieve this target. Investment in renewable energy is an efficient way for India to reduce its carbon intensity while meeting its growing energy needs. NBFCs play a crucial role in broadening access to financial services, enhancing competition and diversity in the financial sector, and has emerged as key financiers of renewable energy.
“AIIB’s financing will help secure the funding supply for renewable energy project development in India,” said AIIB Vice President and Chief Investment Officer D.J. Pandian. “The project supports AIIB’s commitment to sustainable energy for Asia to reduce the carbon intensity of energy supply.”
LTIF’s collaboration with AIIB will also help the company develop its environmental and social capabilities which will in the future enable it to tap the international market for green finance.
Additional information about the project can be found here.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 97 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
Dhaka, Bangladesh, April 04, 2026
AIIB President Advances Support for Members’ Energy and Economic Resilience
Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi met with Prime Minister Tarique Rahman of Bangladesh as part of her listening tour of members, which this week also included Cambodia, Malaysia and the Lao PDR. The engagement reaffirmed the Bank’s commitment to listening closely to members’ needs and strengthening support for developing economies amid a challenging external environment, including adverse spillover effects arising from conflict in the Middle East.
READ MOREBeijing, March 25, 2026
AIIB and IAEA Sign Letter of Intent to Forge Partnership for Development Impact
The Asian Infrastructure Investment Bank (AIIB) and the International Atomic Energy Agency (IAEA) today signed a letter of intent to support members in building national capacity across key development sectors.
READ MOREBeijing, March 19, 2026
AIIB President Zou Meets Southeast and South Asia Leaders, Advancing Partnerships to Deepen Infrastructure Impact
Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi visited founding AIIB members Indonesia, Singapore and India Feb. 24-March 3, underscoring the Bank’s commitment to scaling development impact through strong partnerships, client-centric programming, innovation and private capital mobilization and infrastructure investments.
READ MOREBeijing, February 27, 2026
AIIB Prices Inaugural EUR 3-Year Benchmark and AUD Climate Adaptation Bond
The Asian Infrastructure Investment Bank (AIIB, AAA/Aaa/AAA*) has priced its inaugural EUR 3-year benchmark bond, raising EUR 1 billion and establishing a new reference point at the short end of its euro curve.
READ MORE