India’s push for clean energy received a massive shot in the arm as Adani Energy Solutions Limited (AESL) clinched long-term funding from a Japanese bank consortium for its 6,000 MW HVDC green energy corridor. The project, spanning 950 km from Rajasthan’s Bhadla to Uttar Pradesh’s Fatehpur, was detailed in an Ahmedabad announcement on Monday and is targeted for 2029 operations.
Capable of energizing 60 million households, this transmission lifeline will evacuate solar power from Rajasthan’s prolific fields, fortifying supply to northern India’s power-hungry regions. It aligns perfectly with national goals to ramp up renewable integration, benefiting industries and urban consumers alike.
AESL CEO Kandarpa Patel lauded the development as a cornerstone for India’s green grid evolution. The collaboration with Japanese financiers and Hitachi exemplifies shared visions for sustainable energy, he said, while reaffirming the company’s dedication to robust infrastructure for a greener future.
Tied to Adani’s clean energy portfolio, it sources from AGEL’s Rajasthan operations and feeds AEML in Mumbai, boasting over 40% renewable sourcing—a model for sustainable city power. Japanese banks MUFG and SMBC provided the funds, paired with Hitachi’s state-of-the-art HVDC systems via BHEL partnership, invigorating India’s manufacturing sector.
The trust is palpable in AESL’s BBB+ (Stable) rating from JCR, matching India’s sovereign grade and spotlighting strengthening Indo-Japanese ties. This corridor isn’t just wires and towers; it’s a conduit for India’s energy security and global climate commitments, heralding accelerated renewable adoption nationwide.