ArcelorMittal Adds 1 GW of Renewables in India, Global RE Capacity Rises to 3.3 GW
AMNS India is also developing its own renewable energy project, which mirrors ArcelorMittal’s Bachau project in terms of location (Bachau, Gujarat), scope (550MW project, consisting of 300MW of solar power and 250MW of wind power)
ArcelorMittal, an integrated steel and mining company, has recently expanded its portfolio with the addition of three new renewable energy projects in India totaling 1 GW of nominal solar and wind capacity. Upon completion, ArcelorMittal said that the projects will double its renewable energy capacity in India to 2 GW and increase the company’s total global renewable energy capacity to 3.3GW.
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The three projects comprise a total capital expenditure anticipated to be $0.9 billion, and the power generated will be supplied to AMNS India, ArcelorMittal’s 60/40 Indian steelmaking joint venture with Nippon Steel.
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Project Details
The company explained in its release that these three projects comprise a 36 MW solar project in Amaravati, Maharashtra, with estimated to be completed by H1 2027. A 400MW solar plus 500MWh battery energy storage (BESS) project in Bikaner, Rajasthan, which is estimated to be completed by H1 2028, and a 250MW wind + 300MW solar + 300MWh integrated battery storage (BESS) by H1 2028.
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In addition to ArcelorMittal’s three new projects, AMNS India is also developing its own renewable energy project, which mirrors ArcelorMittal’s Bachau project in terms of location (Bachau, Gujarat), scope (550MW project, consisting of 300MW of solar power and 250MW of wind power), and annual CO2 savings (0.9 million tonnes).
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Project Details Source: ArcelorMittal
Previous Projects
Alongside, ArcelorMittal’s initial 1 GW Indian renewables projectstarted providing clean energy to AMNS India earlier this year. When all projects are complete, they will provide 35% of electricity requirements for AMNS India’s Hazira steelmaking operations. This is based on forecast energy consumption in 2028 and post-AMNS India’s ongoing expansion to 15 million tonnes of annual steelmaking capacity.
The company is also developing renewable energy projects inBrazil and Argentina in joint venture partnerships. Combined, its Indian, Brazilian, and Argentinian projects will provide a total of 3.3GW of electrical power generation when all projects are operational. This would amount to a total capital expenditure for the three projects of around $0.9 billion, and the power generated will be supplied to AMNS India, ArcelorMittal’s 60/40 Indian steelmaking joint venture with Nippon Steel.
Commenting, 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. These investments show how climate responsibility and business performance can go hand in hand.”