ArcelorMittal’s $900M Green Power Play

ArcelorMittal has announced three new renewable energy projects in India with a combined capacity of 1 GW in solar and wind power, involving an investment of approximately USD 900 million. The projects will be developed across Maharashtra, Rajasthan, and Gujarat as part of the company’s strategy to expand its green energy footprint.

Once commissioned, these projects will double ArcelorMittal’s renewable energy capacity in India to 2 GW. The electricity generated will be supplied to AMNS India, the company’s steelmaking joint venture with Nippon Steel. The planned developments include a 36 MW solar power plant in Amaravati, Maharashtra; a 400 MW solar project with 500 MWh of battery energy storage in Bikaner, Rajasthan; and a hybrid project in Bachau, Gujarat, comprising 250 MW of wind power, 300 MW of solar capacity, and 300 MWh of battery storage.

Following completion, ArcelorMittal’s global renewable energy capacity is expected to rise to 3.3 GW. The company stated that these investments support its long-term sustainability goals and its commitment to reducing carbon emissions across operations.

News by Rahul Yelligetti.