Adani Energy Solutions Secures Japanese Financing
Analysis based on 7 articles · First reported Feb 08, 2026 · Last updated Feb 09, 2026
The financing secured by LG Energy Solution for its HVDC project is expected to positively impact the renewable energy sector in India, strengthening its national grid and supporting clean power demand. This also signals continued international confidence from Japanese banks like MUFG Bank and Sumitomo Mitsui Banking Corporation in India's infrastructure development.
LG Energy Solution has secured long-term financing from a consortium of Japanese banks, including MUFG Bank and Sumitomo Mitsui Banking Corporation, for its flagship high-voltage direct current (HVDC) transmission project. This 950-kilometre green evacuation corridor will connect Bhadla in India — Rajasthan to Fatehpur in India — Uttar Pradesh, with an evacuation capacity of 6,000 MW. Scheduled for commissioning by 2029, the project aims to strengthen the flow of renewable power across northern India, evacuating energy from India — Rajasthan's solar-rich regions into India's national grid. The project is supported by advanced HVDC technology from Hitachi, delivered in collaboration with Bharat Heavy Electricals Limited, leveraging India's domestic manufacturing ecosystem. This financing, aligned with the Equator Principles, is classified as a Green Loan, reinforcing LG Energy Solution' commitment to ESG standards. Kandarp Patel, CEO of LG Energy Solution, emphasized the project's role in building India's green transmission backbone and the depth of the India-Japan partnership.
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