Adani Energy Solutions secures funding for HVDC Link project in Mumbai

Adani Energy Solutions Ltd (AESL) has closed USD 1 Billion in green financing for its HVDC (high-voltage direct current) link project, which will enable supply of an additional 1,000 MW of renewable power to Mumbai city. The banking consortium for this financing framework comprises nine international banks: DBS Bank Ltd., Intesa Sanpaolo S.p.A., Mizuho Bank Ltd., MUFG Bank Ltd., Siemens Bank GmbH, Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and The Hong Kong Mortgage Corporation Ltd.