ArcelorMittal Unveils $900 Million Green Energy Projects in India

ArcelorMittal has made a significant stride in that regard by introducing three massive projects of renewable energy projects. To reinforce the ecosystem and transition of the Indian energy sector to renewable energy and industrial energy, the company will invest approximately 900 million in developing 1 GW of nominal solar and wind capacity.

According to the stated project, ArcelorMittal is to install 36 MW of solar power plant at Amaravati, Maharashtra. Bikaner, a 400 MW solar project, will be established in Rajasthan, and it will have a 500 MWh battery energy storage system.

Commenting on the announcement, Aditya Mittal, CEO, ArcelorMittal, 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."

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The firm has also reported a gigantic hybrid renewable undertaking in Bachau, Gujarat, with 250 MW of wind strength, 300 MW of solar energy, and 300 MWh of combined battery storing capacity.

Upon completion of such projects, the renewable energy of ArcelorMittal in India will increase by two times to 2 GW. The company will have a global renewable energy resource of 3.3 GW, which will increase its clean energy presence in major steelmaking regions.

The green energy projects that produce electricity will be exported to AMNS India, the 60:40 steelmaking joint venture between ArcelorMittal and Nippon Steel, in an effort to produce lower carbon steel in the country.

ArcelorMittal is also establishing renewable energy initiatives in Brazil and Argentina and once these are supplemented in India they will supply 3.3 GW of electricity.