Adani Energy Solutions (AESL) has secured long-term financing from Japanese banks for a High Voltage Direct Current (HVDC) transmission project in India.

The project, a 950-km green evacuation corridor with an evacuation capacity of 6,000 MW, will connect Bhadla in Rajasthan with Fatehpur in Uttar Pradesh.

It aims to transport renewable energy from Rajasthan’s solar resources to the national grid, supporting India’s growing demand for clean energy.

The corridor, which will be operational by 2029, will improve grid stability and integrate renewable energy in some of the country’s major urban and industrial areas. It is a component of the Adani Group’s clean energy platform.

Led by MUFG Bank and Sumitomo Mitsui Banking Corporation, the financing highlights international confidence in India’s renewable energy sector.

The project is supported by Hitachi’s HVDC technology, in collaboration with Bharat Heavy Electricals, and aligns with India’s Make in India initiative.

This collaboration strengthens the financial and industrial ties between India and Japan.

Kandarp Patel, Managing Director, AESL, said: “This project marks a definitive step in building India’s green transmission backbone. The continued support of our Japanese partners, including leading banks and Hitachi, reflects the depth of the India-Japan partnership and our shared commitment to enabling a sustainable energy future.

“AESL remains focused on developing a resilient and future-ready transmission infrastructure to accelerate India’s energy transition.”

Rajasthan serves as a crucial generation hub for Adani Green Energy Limited, which supplies clean energy to AESL’s subsidiary, Adani Electricity Mumbai, which integrates more than 40% renewable energy into its supply.

AESL’s financing is part of a sustainable debt framework that complies with the Equator Principles, which allows the financing to be classified as a Green Loan.

Latham & Watkins and Saraf & Partners advised AESL, while Linklaters and Cyril Amarchand Mangaldas represented the lenders in the transaction.

“Adani secures Japanese funding for India’s green energy corridor” was originally created and published by Energy technologya trademark owned by GlobalData.

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