Adani Energy Secures Japanese Funding for 6,000 MW Green Transmission Project
- By Kotak News Desk
- 09 Feb 2026 at 6:12 PM IST
- Market News
- 4 minutes read
Adani Energy Solutions Ltd. has raised Japanese funding for a 6,000 MW HVDC green transmission corridor. It will connect Rajasthan to Uttar Pradesh and is scheduled for commissioning by 2029.
Adani Energy Solutions Ltd (AESL) has secured long-term funding from a consortium of Japanese banks for its ±800 kV high-voltage direct current (HVDC) transmission project, designed to evacuate 6,000 MW of renewable power from Rajasthan to northern India.
The 950-km corridor, connecting Bhadla in Rajasthan to Fatehpur in Uttar Pradesh, is scheduled for commissioning by 2029 and has been structured as a green loan under AESL’s sustainable debt framework.
With cross-border financing, advanced Japanese technology, and a large evacuation capacity, what does this project signal for India’s green power infrastructure build-out?
Why Is This HVDC Project Strategically Important?
The project operates as an environmentally friendly evacuation route which transmits renewable energy from solar abundant Rajasthan to northern India's power-intensive areas. The key technical and strategic features include:
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Evacuation capacity: 6,000 MW
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Voltage level: ±800 kV HVDC
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Route length: ~950 km
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Purpose: Large-scale integration of renewable energy into the national grid
The corridor will begin functioning to provide grid stability support and decrease transmission losses while enabling remote renewable energy power to be transmitted to energy-demanding urban areas and industrial centers.
Who Is Funding the Project and How Is It Structured?
The funding has been led by MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation (SMBC), with participation from other Japanese lenders. The loan has been raised under Adani Energy Solutions Limited sustainable debt framework and complies with the Equator Principles, allowing it to be classified as a green loan.
Additional context supporting the funding:
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AESL recently received a BBB+ (Stable) rating from Japan Credit Rating Agency (JCR), aligned with India’s sovereign rating
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The project reflects continued India-Japan financial collaboration in infrastructure and clean energy
The structure of the funding highlights growing international appetite for India’s green infrastructure assets.
How Does This Fit Into the Adani Group’s Clean Energy Platform?
The transmission asset forms part of the Adani Group’s broader clean energy ecosystem, where generation and transmission are closely linked. Notable linkages include:
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Rajasthan as a key renewable generation hub for Adani Green Energy Limited (AGEL)
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Renewable power from AGEL already supplies Adani Electricity Mumbai Limited (AEML)
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Over 40% of AEML’s electricity is currently sourced from renewable energy, placing Mumbai among major global cities with significant green power usage.
From a technology standpoint, the HVDC system will use advanced transmission technology from Hitachi, developed in collaboration with Bharat Heavy Electricals Limited (BHEL), aligning with India’s Make in India manufacturing objectives.
Source:
Business Standard
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