Adani Secures Japanese Funding for 6 GW Green HVDC Transmission Corridor

Adani Energy Solutions Limited (AESL) has secured long-term financing from a consortium of Japanese banks for its 6,000 MW high-voltage direct current (HVDC) transmission project. The flagship project is a green evacuation corridor designed to strengthen the flow of renewable power across northern India, the company said on Monday.

High-Capacity Renewable Evacuation Link

The project is engineered as a ±800 kV HVDC network with an evacuation capacity of 6,000 MW. This project is set to play a central role in evacuating renewable energy from Rajasthan’s solar-rich regions and delivering it into the national grid, supporting India’s rising clean power demand.

Spanning around 950 kilometres, the corridor will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh. The project is scheduled for commissioning by 2029 and is expected to become a critical green transmission line, enabling large-scale renewable integration while strengthening grid stability for energy-intensive urban and industrial centres.

Integration with Adani’s Clean Energy Platform

The asset forms part of the Adani Group’s integrated clean energy platform. Rajasthan remains a key generation hub for Adani Green Energy Limited, whose projects already supply clean power to AESL’s subsidiary, Adani Electricity Mumbai Limited (AEML).

AEML currently integrates more than 40 per cent renewable energy into its supply mix, positioning Mumbai among the world’s largest cities with significant sustainable power penetration, the company said.

Japanese Banks Lead Funding; HVDC Technology Collaboration

The financing is being led by Japanese banking partners MUFG Bank Ltd. and Sumitomo Mitsui Banking Corporation, underscoring sustained international confidence in India’s renewable infrastructure build-out.

The project is supported by advanced HVDC technology from Hitachi, delivered in collaboration with Bharat Heavy Electricals Limited, leveraging India’s domestic manufacturing ecosystem. 

The strengthening India–Japan financial and industrial corridor is also reflected in AESL’s recent BBB+ (Stable) credit rating from the Japanese agency Japan Credit Rating Agency, aligned with India’s sovereign rating.

Kandarp Patel, CEO of AESL, said, “This project marks a defining step in building India’s green transmission backbone. The continued support from 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 resilient, future-ready transmission infrastructure to accelerate India’s energy transition.”

The financing has been raised under AESL’s sustainable debt framework and is aligned with the Equator Principles, enabling participating lenders to classify the facility as a Green Loan. Latham & Watkins and Saraf & Partners acted as borrower’s counsel, while Linklaters and Cyril Amarchand Mangaldas advised the lenders on the transaction.