ArcelorMittal to Invest USD 0.9 Bn for Three Renewable Energy Projects in India
ArcelorMittal has announced a USD 0.9 billion (approximately Rs. 8,091 crore) investment for three new Renewable Energy (RE) projects in India. These new projects will have a cumulative total capacity of 1 GW, adding to ArcelorMittal’s existing RE portfolio of 1 GW in India. These projects will take ArcelorMittal’s global renewable energy capacity to 3.3 GW, while India portfolio will be 2 GW.
Upcoming Solar & Wind Power Projects to Save 1.59 Million Tonnes CO2 Emissions
ArcelorMittal’s three upcoming projects will be located in Maharashtra, Rajasthan, and Gujarat. Off these locations, Amaravati, Maharashtra, will have a solar project of 36 MW capacity, which is expected to be completed by H1 2027. This solar project will save 0.04 million tonnes of CO2 emissions.
As a part of the aforementioned RE projects, a 400 MW solar plant with 500 MWh battery energy storage system will be set up in Bikaner, Rajasthan. This project is expected to be completed by H1 2028 and result in 0.65 million tonnes of CO2 emissions saved annually.
In Gujarat, the company will develop a renewable project at Bachau, which will have a 250 MW wind power capacity in addition to 300 MW solar power capacity and 300 MWh integrated battery storage. This project is expected to save 0.9 million tonnes of annual CO2 emissions once operational. Completion of this project is expected by H1 2028.
Mr. Aditya Mittal, CEO at ArcelorMittal, said, “With these new projects, we are doubling our renewable energy capacity in India, providing a secure supply of clean energy to our Indian steelmaking operations and strengthening our global footprint in clean power”.
ArcelorMittal to Cater 35% Electricity Demand of AMNS’s Hazira Plant
ArcelorMittal Nippon Steel India Ltd (AMNS), a 60:40 joint venture between ArcelorMittal and Nippon Steel, is expanding its annual steelmaking capacity at Hazira plant to 15 million tonnes. After expansion, 35% of the plant’s electricity requirements will be satiated via the aforementioned three new renewable projects once they are completed.
Additionally, AMNS India is also developing a renewable energy project in Bachau, Gujarat, which will have 300 MW of solar capacity and 250 MW of wind power (separate from the ArcelorMittal plant in Bachau). This AMNS project will also contribute to decarbonisation by saving 0.9 million tonnes of annual CO2 savings.
