ArcelorMittal has announced plans to develop three new renewable energy projects in India with a combined nominal capacity of 1 gigawatt, comprising solar and wind power. Once completed, the projects will double the company’s renewable energy capacity in India to 2 GW and increase its global renewable energy portfolio to 3.3 GW.
The total capital investment for the three projects is estimated at approximately $0.9 billion. Electricity generated from these facilities will be supplied to AMNS India, ArcelorMittal’s Indian steelmaking joint venture with Nippon Steel, in which ArcelorMittal holds a 60% stake.
Commenting on the announcement, ArcelorMittal Chief Executive Officer Aditya Mittal said the projects will strengthen the supply of clean energy to the company’s Indian operations while expanding its global renewable energy footprint. He noted that the investments align with ArcelorMittal’s approach of pursuing projects that are commercially viable and support the broader energy transition.
In parallel, AMNS India is developing its own renewable energy project in Bachau, Gujarat. The 550 MW project includes 300 MW of solar capacity and 250 MW of wind capacity and is expected to deliver annual carbon dioxide savings of approximately 0.9 million tonnes. The project mirrors the scope and location of ArcelorMittal’s Bachau renewable initiative.
Together with ArcelorMittal’s initial 1 GW renewable project in India, which began supplying clean power earlier this year, the combined portfolio is expected to deliver annual carbon dioxide reductions of around 4 million tonnes. The renewable energy generated will meet approximately 35% of AMNS India’s electricity requirements for its Hazira steel facility, based on projected energy consumption following the expansion to 15 million tonnes of annual steelmaking capacity.
ArcelorMittal is also advancing renewable energy projects in Brazil and Argentina through joint ventures. When fully operational, the company’s renewable projects across India, Brazil, and Argentina will provide a combined generation capacity of 3.3 GW.
