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Adani Energy Solutions Ties Up with Japanese Lenders for 6 GW HVDC Renewable Power Corridor

Adani Energy Solutions Limited (AESL) has secured long-tenure funding from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) green transmission corridor, a project aimed at boosting renewable power evacuation across northern India.

The ±800 kV HVDC transmission line, stretching nearly 950 km between Bhadla in Rajasthan and Fatehpur in Uttar Pradesh, will have the capacity to transmit 6,000 MW of renewable electricity. Scheduled for completion by 2029, the corridor is expected to play a critical role in strengthening grid reliability while supporting the integration of large volumes of clean energy into India’s national power system.

According to the company, the project will serve as a key conduit for evacuating renewable energy from Rajasthan’s solar-rich regions and delivering it to major demand centres, helping meet the country’s rapidly rising clean power requirements.

The transmission asset forms part of the Adani Group’s integrated clean energy ecosystem. Rajasthan remains a major generation base for Adani Green Energy Limited (AGEL), whose renewable projects already supply power to Adani Electricity Mumbai Limited (AEML), an AESL subsidiary. AEML currently sources over 40% of its electricity from renewable energy, placing Mumbai among the global cities with significant clean power penetration.

The financing package is being led by Japanese banking majors MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC), highlighting continued overseas confidence in India’s renewable energy infrastructure pipeline. The project will deploy advanced HVDC technology supplied by Hitachi, in partnership with Bharat Heavy Electricals Limited (BHEL), leveraging domestic manufacturing capabilities.

AESL said the strengthening India–Japan financial and industrial partnership is also reflected in its recent BBB+ (Stable) credit rating from Japanese rating agency JCR, which is aligned with India’s sovereign rating and signals confidence in both the country’s policy environment and the company’s financial profile.

Commenting on the development, Kandarp Patel, Chief Executive Officer, AESL, said the project represents a major milestone in building India’s green transmission infrastructure. He added that continued backing from Japanese lenders and technology partners underscores the depth of bilateral cooperation and a shared commitment to advancing a sustainable energy future.

The funding has been raised under AESL’s sustainable debt framework and complies with the Equator Principles, allowing lenders to classify the facility as a Green Loan and reinforcing the company’s alignment with global environmental, social, and governance (ESG) standards.