Adani Energy secures Japanese financing for 6,000 MW HVDC link
Author: PPD Team Date: February 10, 2026
Adani Energy Solutions Limited (AESL) has secured long-term financing from a consortium of Japanese banks for a high-voltage transmission project for improving renewable energy evacuation in northern India. The project is intended to support large-scale integration of solar power into the national grid.
The project involves the development of a 6,000 MW high-voltage direct current (HVDC) link, designed as a ±800 kV system. It will operate as a dedicated green energy corridor to transmit solar power from resource-rich areas in Rajasthan to demand centres connected to India’s national grid.
The transmission line will extend for around 950 kilometres, linking Bhadla in Rajasthan with Fatehpur in Uttar Pradesh. Adani Energy Solutions Limited has targeted commissioning of the project by 2029. Once operational, the corridor is expected to improve grid stability for urban and industrial load centres.
The project is part of the Adani Group’s wider renewable energy platform. It will evacuate power generated in Rajasthan by group company Adani Green Energy Limited and deliver it to Adani Electricity Mumbai Limited (AEML). AEML currently sources over 40% of its electricity supply from renewable energy.
Financing is being provided by a consortium led by MUFG Bank Ltd. and Sumitomo Mitsui Banking Corporation. The project will deploy HVDC technology supplied by Hitachi in collaboration with Bharat Heavy Electricals Limited (BHEL). AESL said the transaction reflects growing confidence in India’s renewable infrastructure and deeper industrial cooperation between India and Japan.
Commenting on the development, Kandarp Patel, Chief Executive Officer of AESL, said the project is a step towards building India’s green transmission backbone. The financing has been raised under AESL’s sustainable debt framework and aligned with the Equator Principles, allowing it to be classified as a Green Loan. Legal advisors included Latham & Watkins and Saraf & Partners for the borrower, and Linklaters and Cyril Amarchand Mangaldas for the lenders.