ArcelorMittal to Add 1 GW of Renewable Energy Capacity in India
Together, the three projects are expected to reduce carbon dioxide emissions by nearly 1.6 million tonnes annually.
SEATTLE (Scrap Monster): ArcelorMittal has unveiled plans to develop three large-scale renewable energy projects in India, adding a combined 1 gigawatt (GW) of nominal solar and wind capacity to its portfolio. Once operational, the projects will double the steelmaker’s renewable energy capacity in India to 2 GW and lift its global clean energy footprint to approximately 3.3 GW.
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The new developments will be located across Maharashtra, Rajasthan, and Gujarat. The first project, a 36 MW solar facility in Amaravati, Maharashtra, is scheduled for completion in the first half of 2027. Two larger hybrid projects are planned for completion in the first half of 2028, including a 400 MW solar installation with battery energy storage in Bikaner, Rajasthan, and a combined wind, solar, and battery storage project in Bachau, Gujarat. Together, the three projects are expected to reduce carbon dioxide emissions by nearly 1.6 million tonnes annually.
Total capital investment for the projects is estimated at $0.9 billion. Electricity generated will be supplied to AMNS India, ArcelorMittal’s steelmaking joint venture with Nippon Steel.
The company said the investments support its long-term decarbonization strategy and reinforce efforts to secure reliable, low-carbon power for its Indian operations.