Adani Energy Solutions secures Japanese financing for 6,000 MW green energy corridor
ADVERTISEMENT
Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term funding from a consortium of Japanese lenders, led by MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC), for its flagship high-voltage direct current (HVDC) transmission project. The project is designed to strengthen the flow of renewable power across northern India, Adani group company said in a release today.
The project is designed to strengthen the flow of renewable power across northern India, Adani group company said in a release today.
“The project will play a central role in evacuating renewable energy from Rajasthan’s solar-rich regions and delivering it into India’s national grid, supporting the country’s expanding clean power demand,” the release noted.
The billionaire Gautam Adani-led company said that the project involves the development of a around 800 kilovolt (kV) HVDC green energy corridor with an evacuation capacity of 6,000 MW, which will connect Bhadla in Rajasthan - one of India’s largest renewable energy hubs - to Fatehpur in Uttar Pradesh, a key industrial and transport centre.
January 2026
Netflix, which has been in India for a decade, has successfully struck a balance between high-class premium content and pricing that attracts a range of customers. Find out how the U.S. streaming giant evolved in India, plus an exclusive interview with CEO Ted Sarandos. Also read about the Best Investments for 2026, and how rising growth and easing inflation will come in handy for finance minister Nirmala Sitharaman as she prepares Budget 2026.
The 950-km transmission line is scheduled to be commissioned by 2029 and is expected to play a critical role in integrating large-scale renewable power into India’s national grid.
As per the release, the financing is being led by MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC), underscoring growing international participation in India’s clean energy infrastructure build-out. The project will deploy advanced HVDC technology from Hitachi Energy, delivered in collaboration with Bharat Heavy Electricals Limited (BHEL), aligning with India’s domestic manufacturing and Make-in-India initiatives.
AESL said the corridor will help evacuate renewable power from Rajasthan’s solar-rich regions and support rising electricity demand in energy-intensive urban and industrial centres. The project forms part of the Adani Group’s integrated clean energy platform, with Rajasthan serving as a key generation hub for Adani Green Energy. Power generated from these assets already supplies Adani Electricity Mumbai Ltd, which currently sources over 40% of its power from renewable energy.
The company added that the transaction reflects the strengthening India–Japan financial and industrial partnership, noting that AESL recently received a BBB+ (Stable) credit rating from Japanese rating agency JCR, in line with India’s sovereign rating.
Kandarp Patel, CEO of Adani Energy Solutions, said the project marks a significant step in building India’s green transmission backbone and highlighted the continued support from Japanese lenders and technology partners in advancing the country’s energy transition.
“The financing has been raised under AESL’s sustainable debt framework, aligned with the Equator Principles, enabling participating lenders to classify the facility as a Green Loan and reinforcing AESL’s commitment to responsible growth and global ESG standards,” he said.
Following the announcement, shares of Adani Energy Solutions were trading 0.7% higher at ₹1,024.05 on the BSE, with a market capitalisation of about ₹1.23 lakh crore.
(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)