Kutch: ArcelorMittal on Monday announced the expansion of its renewable energy portfolio with three new projects in India, including a large wind-solar-battery project in Gujarat, taking its total global renewable energy capacity to 3.3 GW.

The projects are:

As per the company, these three new renewable energy projects in India, totaling 1 GW of nominal solar and wind capacity, upon completion will double ArcelorMittal’s renewable energy capacity in India to 2 GW.

Total capital expenditure for the three projects is anticipated to be $0.9 billion, and the power generated will be supplied to AMNS India, ArcelorMittal’s 60/40 Indian steelmaking joint venture with Nippon Steel.

Commenting, ArcelorMittal CEO Aditya Mittal 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. Our approach is to invest in projects that are sustainable, economically sound, and aligned with our ambition to make a meaningful contribution to the energy transition. These investments show how climate responsibility and business performance can go hand in hand.” 

Alongside ArcelorMittal’s initial 1 GW Indian renewables project, which started providing clean energy to AMNS India earlier this year, when all projects are complete, they will deliver total annual CO₂ savings of 4 million tonnes and provide 35% of electricity requirements for AMNS India’s Hazira steelmaking operations (based on forecast energy consumption in 2028, post AMNS India’s ongoing expansion to 15 million tonnes of annual steelmaking capacity).

The company is also developing renewable energy projects in Brazil and Argentina in joint venture partnerships. Combined, its Indian, Brazilian and Argentinian projects will provide a total of 3.3 GW of electrical power generation when all projects are operational.  DeshGujarat