ArcelorMittal has announced three new renewable energy projects in India totaling 1 GW of nominal solar and wind capacity. Upon completion, the projects will double ArcelorMittal’s renewable energy capacity in India to 2 GW and increase its total global renewable energy capacity to 3.3 GW.
The projects, spanning solar, wind, and battery energy storage, involve a total capital investment of about $0.9 billion. Power generated from these facilities will be supplied to AMNS India, ArcelorMittal’s 60:40 steelmaking joint venture with Nippon Steel.
The first project, a 36 MW solar plant in Amaravati, Maharashtra, is scheduled for completion in the first half of 2027. The other two projects are scheduled for completion in the first half of 2028: a 400 MW solar plant with 500 MWh battery storage in Bikaner, Rajasthan, and a hybrid project in Bachau, Gujarat, comprising 250 MW of wind, 300 MW of solar, and 300 MWh of integrated battery storage.
Commenting on the announcement, ArcelorMittal CEO Aditya Mittal said, “With these new projects, we are doubling our renewable energy capacity in India, providing a secure supply of clean energy to our Indian steelmaking operations and strengthening our global footprint in clean power. Our approach is to invest in projects that are sustainable, economically sound, and aligned with our ambition to make a meaningful contribution to the energy transition.”
In parallel, AMNS India is developing its own 550 MW renewable energy project (consisting of 300 MW of solar power and 250 MW of wind power) in Bachau, Gujarat, mirroring the scope of ArcelorMittal’s hybrid project.
Together these projects, combined with ArcelorMittal’s initial 1 GW renewables project in India, which began supplying power earlier this year, are expected to deliver total annual CO2 savings of 4 million tonnes, and meet 35% of electricity requirements for AMNS India’s Hazira steelmaking operations (based on projected consumption of Hazira plant after its expansion to 15 million tonnes of annual steelmaking capacity by 2028).
Beyond India, ArcelorMittal is developing renewable energy projects in Brazil and Argentina through joint ventures. Once all projects are operational, the company’s renewable energy capacity across India, Brazil, and Argentina will total 3.3 GW.
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