ArcelorMittal Boosts India Renewable Energy Capacity by 1 GW

ArcelorMittal has unveiled plans to develop three new renewable energy projects in India, adding a combined nominal capacity of 1 gigawatt from solar and wind power.

The move will double the company’s renewable footprint in the country to 2 GW and lift its global renewable energy portfolio to 3.3 GW, reinforcing its push toward cleaner industrial power.

The three projects will require an estimated capital investment of about $0.9 billion. Power generated from these assets will be supplied to AMNS India, ArcelorMittal’s steelmaking joint venture with Nippon Steel, where ArcelorMittal holds a 60% stake. The additional clean electricity is expected to support stable, long-term energy supply for large-scale steel operations.

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Commenting on the announcement, ArcelorMittal Chief Executive Officer Aditya Mittal said the projects will strengthen the supply of clean energy to the company’s Indian operations while expanding its global renewable energy footprint. He noted that the investments align with ArcelorMittal’s approach of pursuing projects that are commercially viable and support the broader energy transition.

In parallel, AMNS India is developing its own renewable initiative in Bachau, Gujarat. The 550 MW project includes 300 MW of solar and 250 MW of wind capacity and is expected to deliver annual carbon dioxide savings of about 0.9 million tonnes. The project closely mirrors ArcelorMittal’s Bachau renewable development.

Together with ArcelorMittal’s initial 1 GW renewable energy project in India, which began supplying clean power earlier this year, the combined portfolio is projected to cut carbon dioxide emissions by roughly 4 million tonnes annually. The renewable output will meet around 35% of AMNS India’s electricity needs for its Hazira steel plant, based on projected energy demand after expansion to 15 million tonnes of annual steel capacity.