Adani Energy Solutions Strengthens India’s Green Energy Backbone through 6,000 MW Integrated Green Energy Corridor; Secures Financing from a Consortium of Japanese Banks

Adani Energy Solutions Ltd (AESL) has secured long-term financing from a consortium of Japanese banks to develop a 6,000 MW high-voltage direct current (HVDC) green energy transmission corridor, aimed at strengthening renewable power evacuation across northern India.

The project will connect Bhadla in Rajasthan, one of India’s largest solar power hubs, to Fatehpur in Uttar Pradesh through a 950-kilometre ±800 kV HVDC transmission line. Once operational, the corridor will enable the transfer of up to 6 gigawatts of renewable energy to India’s national grid—enough to meet the electricity needs of nearly 60 million households.

Scheduled for commissioning by 2029, the transmission link is expected to play a key role in supporting India’s growing clean energy capacity while enhancing grid stability for major urban, industrial and transport centres in northern India.

Financing for the project is being led by Japan’s MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation (SMBC), highlighting continued international interest in India’s renewable infrastructure sector. The project will deploy advanced HVDC technology from Hitachi Energy in collaboration with Bharat Heavy Electricals Limited (BHEL), aligning with India’s push to strengthen domestic manufacturing under the ‘Make in India’ initiative.

The green energy corridor forms part of the Adani Group’s integrated clean energy ecosystem. Rajasthan remains a major renewable generation base for Adani Green Energy Limited, which supplies clean power to Adani Electricity Mumbai Limited. Mumbai currently sources over 40 per cent of its electricity from renewable energy, placing it among global cities with high levels of sustainable power integration.

AESL recently received a BBB+ (Stable) credit rating from Japanese credit rating agency JCR, aligned with India’s sovereign rating, reflecting investor confidence in the company’s financial strength and the country’s policy framework.

Commenting on the development, Kandarp Patel, Chief Executive Officer of Adani Energy Solutions Ltd, said the project represents a significant step in building India’s green transmission infrastructure and reflects the strong partnership between India and Japan in advancing clean energy solutions.

The financing has been raised under AESL’s sustainable debt framework and complies with the Equator Principles, allowing lenders to classify it as a Green Loan. The transaction was advised by Latham & Watkins and Saraf & Partners for the borrower, while Linklaters and Cyril Amarchand Mangaldas acted for the lenders. Adani Energy Solutions Ltd is India’s largest private transmission company, with operations across 16 states and a transmission network spanning nearly 28,000 circuit kilometres.