Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
ArcelorMittal has announced plans to invest about USD 900 million (approximately INR 8,145 crore) in three renewable energy projects in India with a combined nominal capacity of 1 gigawatt (GW) of solar, wind and battery storage. The initiatives will be developed across Maharashtra, Rajasthan and Gujarat and are part of the company's strategy to expand clean power capacity and strengthen sustainability credentials. Once completed, they will double ArcelorMittal's renewable energy capacity in India to around 2 GW and contribute to the company's broader global clean energy portfolio. Electricity generated by these assets will support operations at AMNS India, the steelmaking joint venture with Nippon Steel, while advancing emission reduction and green growth objectives.
ArcelorMittal has unveiled a major renewable energy expansion in India with a planned investment of around USD 900 million (roughly INR 8,145 crore) to develop three new green energy projects with a total nominal capacity of about 1 GW. The announcement reflects the steel major's growing commitment to sustainability and cleaner power generation as part of its broader strategy to decarbonise operations and enhance energy security across its business footprint. Advertisement
The three projects are proposed across different states, each incorporating a mix of solar and wind power along with battery energy storage to support grid stability and round-the-clock clean energy supply. In Maharashtra, the plan includes a 36 MW solar installation near Amaravati, scheduled for completion by the first half of 2027. A larger hybrid project is planned in Rajasthan's Bikaner, featuring 400 MW of solar capacity integrated with 500 MWh of battery energy storage, targeted for commissioning by mid-2028. In Gujarat's Bachau region, a combined renewable facility is expected to deliver 250 MW of wind capacity, 300 MW of solar capacity and 300 MWh of battery storage by the first half of 2028.
Upon completion, these projects will roughly double ArcelorMittal's renewable energy footprint in India from its current level to around 2 GW. This expansion will also contribute to the company's global renewable energy portfolio, which is expected to reach approximately 3.3 GW when combined with renewable assets in other markets.
The electricity generated from these projects is planned to supply AMNS India, the 60:40 steelmaking joint venture between ArcelorMittal and Japan's Nippon Steel. Powering steel operations with renewable energy is expected to reduce carbon intensity and support long-term environmental goals tied to cleaner production. ArcelorMittal has framed these investments as aligning with its ambition to balance economic growth with climate responsibility, using sustainable projects that provide secure, cost-effective energy while contributing to national renewable energy targets and reducing greenhouse gas emissions over the long term.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
