ArcelorMittal on Monday announced three new renewable energy projects in India totalling 1GW of solar and wind capacity, doubling its existing renewable portfolio in the country to 2GW. With these additions, the company’s total global renewable energy capacity will rise to 3.3GW. The first project, a 36MW solar plant at Amaravati in Maharashtra, is scheduled for completion in H1 2027 and is expected to save 0.04 million tonnes of CO2 annually. The second, a 400MW solar facility with 500MWh battery energy storage in Bikaner, Rajasthan, is slated for H1 2028 with estimated annual savings of 0.65 million tonnes. The third project in Bachau, Gujarat, combining 250MW wind, 300MW solar and 300MWh integrated battery storage, is forecast for completion in H1 2028, delivering 0.9 million tonnes of CO2 reductions.
Total capital expenditure for the three projects is projected at $0.9 billion, with power supplied to AMNS India, ArcelorMittal’s 60/40 joint venture with Nippon Steel. AMNS India is simultaneously developing a parallel 550MW renewable project in Bachau, with equal annual savings of 0.9 million tonnes. In Kolkata, the projects could stabilize long-term input power costs for steelmakers, with traders anticipating improved renewable procurement for eastern India’s industrial growth.
Aditya Mittal, CEO, said the company remains committed to clean energy and sustainable steelmaking, emphasising that “climate responsibility and business performance can go hand in hand.” Together, ArcelorMittal and AMNS India’s projects will reduce CO2 emissions by 4 million tonnes annually and meet 35% of electricity needs for Hazira operations by 2028.
