Adani Gets Japanese Funding For Green Power Project

Adani Energy Solutions Limited (AESL) officially announced on Monday that it has secured long-term financing from leading Japanese banks for its high-voltage direct current (HVDC) transmission project, which aims to strengthen the evacuation of renewable power across northern India.

The company said the corridor will play a central role in transporting solar energy from Rajasthan’s resource-rich regions to the national grid. Designed as a high-capacity ±800 kV HVDC network, the project will have an evacuation capacity of 6,000 megawatts. The 950-kilometre corridor will link Bhadla in Rajasthan to Fatehpur in Uttar Pradesh and is scheduled to be commissioned by 2029. Once operational, it is expected to become a critical green transmission artery supporting India’s growing clean power demand.

Advertisement

However, the exact amount of financing secured has not been revealed.

The financing consortium is led by Japan’s MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation, reflecting sustained global confidence in India’s renewable infrastructure sector. The project is also supported by advanced HVDC technology from Hitachi, delivered in partnership with Bharat Heavy Electricals Limited (BHEL), strengthening India’s domestic manufacturing ecosystem.

The asset forms part of the Adani Group’s integrated clean energy platform. Rajasthan continues to serve as a major generation hub for Adani Green Energy Limited, whose projects already supply renewable power to AESL’s subsidiary, Adani Electricity Mumbai Limited. AEML currently integrates over 40 per cent renewable energy into its supply mix, placing Mumbai among the world’s leading cities in sustainable power usage.

The HVDC corridor is expected to significantly improve grid stability while enabling large-scale integration of renewable energy for major urban and industrial centres. By ensuring reliable long-distance transmission, the project will help balance fluctuating renewable generation with rising consumption.