Adani Energy Solutions Limited (AESL) is powering ahead with its groundbreaking 6,000 MW green energy transmission project, thanks to substantial long-term financing from Japanese banking heavyweights. The Ahmedabad-based firm revealed on Monday that the funds will fuel a 950-km HVDC line connecting Rajasthan’s Bhadla solar hub to Uttar Pradesh’s Fatehpur, expected to go live by 2029.
This corridor promises to light up the lives of around 60 million homes by channeling solar power from one of India’s sunniest regions directly into the northern grid. It’s a game-changer for major cities and industries, ensuring reliable green electricity amid India’s booming energy needs.
As part of Adani Group’s expansive clean energy ecosystem, the project leverages production from Rajasthan Adani Green Energy (AGEL) and supplies to Adani Electricity Mumbai (AEML), where renewables already constitute more than 40% of the mix. Mumbai’s green power adoption sets a benchmark for metropolitan sustainability worldwide.
Kandarpa Patel, AESL’s CEO, described the milestone as a testament to India-Japan collaboration. ‘With partners like Hitachi and banks providing this backing, we’re fortifying transmission systems primed for the energy transition,’ he noted. The project employs advanced Hitachi HVDC tech alongside BHEL, boosting local industry.
MUFG and SMBC lead the funding consortium, their involvement underscoring global trust in Adani’s ventures. AESL’s fresh BBB+ rating from JCR further cements this bilateral synergy. This initiative not only enhances grid stability but also propels India closer to its renewable energy targets, marking a new era in cross-border green investments.