ArcelorMittal has announced three new renewable energy projects in India, adding 1GW of solar and wind capacity to its portfolio. The move will double the company’s renewable energy capacity in India to 2GW and increase its total global renewable energy capacity to 3.3GW.
The projects, with an estimated investment of $0.9 billion, will supply clean power to AM/NS India, ArcelorMittal’s 60:40 steelmaking joint venture with Nippon Steel. Upon completion, these projects are expected to cut CO₂ emissions by 4 million tonnes annually and meet 35% of the electricity requirements for AM/NS India’s Hazira operations by 2028.
ArcelorMittal CEO Aditya Mittal stated, “These investments demonstrate how climate responsibility and business performance can go hand in hand. We are committed to sustainable, economically sound projects that support the global energy transition.”
In addition to India, ArcelorMittal is developing renewable energy projects in Brazil and Argentina, which, combined with the Indian initiatives, will bring the company’s total global renewable energy generation to 3.3GW.
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