ArcelorMittal announces new green energy projects in India

ArcelorMittal has announced three new renewable energy projects in India. Together, the projects comprise a nominal solar and wind capacity of 1 GW and, upon completion, will double the company's renewable energy capacity in India to 2 GW. This will bring its global renewable energy capacity to a total of 3.3 GW. The plans include a 36 MW solar project in Amaravati, Maharashtra; a 400 MW solar project with 500 MWh of battery storage in Bikaner, Rajasthan; and a combined project in Bachau, Gujarat, consisting of 250 MW of wind power, 300 MW of solar power, and 300 MWh of integrated battery storage. The total investment for the three projects is estimated at around $900 million. The power generated will be supplied to AMNS India, the Indian steel joint venture between ArcelorMittal and Nippon Steel, in which ArcelorMittal holds a 60% stake. In addition to ArcelorMittal's projects, AMNS India is developing its own renewable energy project in Bachau, Gujarat, with a capacity of 550 MW, consisting of 300 MW of solar and 250 MW of wind power. ArcelorMittal stated that the investments are part of its strategy to ensure a stable supply of clean energy for its Indian steel plants while simultaneously advancing the global expansion of renewable energy