Adani Energy Solutions (AESL) has secured long-term financing from a consortium of Japanese banks, led by MUFG Bank and Sumitomo Mitsui Banking Corporation, for its ±800 kV high-voltage direct current (HVDC) transmission project to evacuate 6,000 MW of solar energy from Bhadla, Rajasthan, to Fatehpur, Uttar Pradesh.

The financing has been raised under AESL’s sustainable debt framework.

The 950 km transmission project will incorporate HVDC technology from Hitachi, delivered in collaboration with Bharat Heavy Electricals.

The project is expected to be commissioned by 2029.

Adani Electricity Mumbai (AEML), a subsidiary of AESL, sources renewable energy from Adani Green Energy’s projects in Rajasthan. AEML currently integrates over 40% renewable energy into its power supply mix.

AESL has a transmission network across 16 states, spanning 27,901 circuit kilometers (ckm) and 1,18,175 MVA transformation capacity. The company has an order book of over 24.6 million smart meters.

Last November, AESL received a letter of intent from PFC Consulting to establish a transmission system to evacuate 2.5 GW of energy from a potential renewable energy zone in Khavda, Gujarat, under Phase V (8 GW): Part C.

The project includes the establishment of a 2,500 MW high-voltage direct current system of approximately 1,200 ckm between KPS III and South Olpad, taking AESL’s overall transmission network to 27,905 ckm and 97,236 MVA of transformation capacity.

India achieved 5,077 ckm of power transmission lines between April and December in the financial year (FY) 2025–26, accounting for 47.5% of the cumulative target of 10,696 ckm set for the period, according to Central Electricity Authority data. With FY 2025-26 ending in less than two months, transmission line additions are unlikely to meet the full-year target of 15,382 ckm.

Transmission infrastructure constraints have resulted in large-scale curtailment of solar and wind power in renewable energy-rich states like Rajasthan and Gujarat. Among other challenges, supply chain shortages and higher procurement costs resulting from high demand for transformers and other critical transmission components are delaying transmission projects across India.