ArcelorMittal announced three new renewable energy projects in India with a combined nominal capacity of 1 GW, which will raise the company’s total renewable energy capacity in the country to 2 GW and increase its global renewable portfolio to 3.3 GW. The projects are scheduled for completion between 2027 and 2028 and will supply clean power to AMNS India, the company’s Indian steelmaking joint venture.
The projects include a 36 MW solar installation 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 capacity, 300 MW of solar capacity, and 300 MWh of integrated battery storage. Together, the three projects are expected to deliver annual carbon dioxide savings of about 1.6 million tonnes.
According to a press release issued by ArcelorMittal, total capital expenditure for the three projects is anticipated to be USD 0.9 billion. Power generated from these assets will be supplied to AMNS India, ArcelorMittal’s 60:40 steelmaking joint venture with Nippon Steel, to support its operations in Gujarat.
“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,” said Aditya Mittal, Chief Executive Officer of ArcelorMittal. “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 with ArcelorMittal’s investments, AMNS India is developing its own renewable energy project at Bachau, Gujarat. This project will have a total capacity of 550 MW, comprising 300 MW of solar power and 250 MW of wind power, and is expected to deliver annual carbon dioxide savings of around 0.9 million tonnes.
When combined with ArcelorMittal’s earlier 1 GW renewables project in India, which began supplying clean power to AMNS India earlier this year, the full portfolio of Indian projects is expected to deliver total annual carbon dioxide savings of about 4 million tonnes. Once operational, these assets are forecast to meet around 35 percent of the electricity requirements of AMNS India’s Hazira steelmaking operations, based on projected energy consumption in 2028 following the expansion of capacity to 15 million tonnes per year.
ArcelorMittal is also developing renewable energy projects in Brazil and Argentina through joint venture partnerships. When all Indian, Brazilian, and Argentinian projects are operational, the company’s renewable energy assets are expected to provide a combined 3.3 GW of electrical power generation.