Adani Energy Solutions (AESL) secures long-term funding from Japanese banks for a 950km green HVDC transmission project in India, connecting Bhadla to Fatehpur. The corridor aims to transport renewable energy from Rajasthan to the national grid by 2029, enhancing grid stability and integrating clean power into major urban areas.

MUFG Bank and Sumitomo Mitsui Banking Corporation lead the financing of the project, supported by HVDC technology from Hitachi and Bharat Heavy Electricals. The collaboration showcases international confidence in India’s renewable energy sector and strengthens financial and industrial ties between India and Japan.

AESL CEO Kandarp Patel emphasizes the project’s significance in building India’s green transmission backbone, showcasing the India-Japan partnership’s commitment to sustainability. The financing is part of a sustainable debt framework compliant with the Equator Principles, allowing it to be classified as a Green Loan.

Adani Green Energy Limited in Rajasthan supplies clean power to AESL’s subsidiary, Adani Electricity Mumbai, integrating over 40% renewable energy into its supply. AESL’s financing is advised by Latham & Watkins and Saraf & Partners, with lenders represented by Linklaters and Cyril Amarchand Mangaldas.

Read more at Yahoo Finance: Adani secures Japanese funding for India’s green energy corridor