ArcelorMittal To Invest $900 Million In Solar And Wind Projects To Double Renewable Capacity In India

ArcelorMittal has announced a major renewable energy expansion in India with an investment of about $900 million. The company plans to develop three new solar and wind power projects across different parts of the country. These projects are part of ArcelorMittal’s wider plan to use cleaner energy for its steelmaking operations and reduce carbon emissions.

The new projects will add around 1 gigawatt (GW) of renewable energy capacity in India. Once completed, ArcelorMittal’s renewable energy capacity in the country will double from 1 GW to 2 GW. At the global level, the company’s total renewable energy capacity will rise to around 3.3 GW after these projects come online. This marks an important step in strengthening ArcelorMittal’s clean energy presence worldwide.

Most of the electricity generated from these projects will be used by AMNS India, the steelmaking joint venture between ArcelorMittal and Japan’s Nippon Steel. ArcelorMittal holds a 60 percent stake in this joint venture. The clean power will help support large steel plants in India, where energy demand is high, and a stable power supply is critical for operations.

The three projects are spread across Maharashtra, Rajasthan, and Gujarat and include a mix of solar, wind, and battery energy storage systems. In Amaravati, Maharashtra, ArcelorMittal will set up a 36 MW solar power plant, which is expected to be ready in the first half of 2027. In Bikaner, Rajasthan, the company plans a much larger project consisting of a 400 MW solar plant along with a 500 MWh battery storage system. This project is scheduled to become operational by the first half of 2028. In Bachau, Gujarat, ArcelorMittal will develop an integrated renewable project with 250 MW of wind capacity, 300 MW of solar capacity, and 300 MWh of battery storage, expected to be completed by mid-2028.

ArcelorMittal’s CEO, Aditya Mittal, said these investments will help meet growing energy needs with cleaner and more reliable power. He added that renewable energy remains a core part of the company’s long-term growth and sustainability strategy.

Apart from these three projects, AMNS India is also working on another 550 MW renewable energy project in the same region. When combined with earlier initiatives, these clean energy efforts are expected to reduce carbon emissions by around 4 million tonnes every year. By 2028, renewable energy is expected to meet about 35 percent of the electricity needs of ArcelorMittal’s major steel operations in India.