ArcelorMittal has announced a $900 million investment into three new renewable energy projects in India.
The strategic move adds 1 gigawatt (GW) of solar and wind capacity, effectively doubling the company’s renewable footprint in the country to 2 GW.
The initiative is a cornerstone of the company’s global decarbonization strategy, bringing its total worldwide renewable capacity to 3.3 GW.
Multi-state expansion:
The projects are distributed across three Indian states to leverage regional climatic advantages:
Rajasthan (Bikaner): A 400 MW solar plant integrated with a 500 MWh battery energy storage system.
Gujarat (Bachau): A hybrid cluster featuring 250 MW of wind, 300 MW of solar, and 300 MWh of battery storage.
Maharashtra (Amravati): A 36 MW solar facility scheduled for completion by early 2027.
Powering green steel:
The electricity generated will be supplied exclusively to AMNS India, a joint venture between ArcelorMittal and Nippon Steel. By 2028, these assets are expected to meet approximately 35% of the electricity needs for the Hazira steelmaking operations, significantly reducing carbon intensity.
The projects are estimated to save roughly 1.6 million tons of CO₂ annually, reinforcing the company’s ambition to lead the industrial energy transition.
Thought leadership:
Aditya Mittal, CEO, ArcelorMittal, said, “This is an important milestone for ArcelorMittal and for AM/NS India. These projects not only double our renewable energy capacity in India to 2 GW, but they also represent a significant step forward in our global decarbonization journey. By integrating 1 GW of solar and wind power with state-of-the-art battery storage, we are demonstrating how climate responsibility and business performance can go hand in hand. These assets will provide a stable, low-carbon power supply to our Hazira operations, helping us to produce more sustainable steel and contribute to India’s ambitious renewable energy targets.”
