Adani Energy Solutions secures $1 bn financing for green HVDC link project in Mumbai
Adani’s ascent has been nothing short of spectacular. The college dropout who first made a fortune in the coal industry has amassed almost all of his wealth in the past two years, thanks to a shift to green energy.
Adani Energy Solutions Limited (AESL) on Monday said it has achieved financial closure for its $1 billion green high voltage direct current (HVDC) link project, that will increase renewable energy supply to Mumbai.
The 80-km multi-faceted project will offer a technological upgradation to the Mumbai city. The construction work for this link will begin in October 2023, AESL (erstwhile Adani Transmission Ltd) said in a statement.
