“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,” said Aditya Mittal, chief executive officer of ArcelorMittal. 

The company said the projects will take place in Amaravati, Bikaner and Bachau, and the power generated will be supplied to AMNS India, ArcelorMittal’s 60/40 joint venture with Nippon Steel. 

The Amaravati location is estimated to have a capacity of 36 MW of solar energy, expected to be completed in the first half of 2027. 

The Bikaner location is estimated to have a capacity of 400 MW solar energy and 500 MWh of battery energy storage, expected to be completed in the first half of 2028. 

The Bachau location is estimated to have a capacity of 250 MW of wind energy, 300 MW of solar energy and 300 MWh of integrated battery storage.

“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,” Mittal continued. 

The company said once the projects are completed, it expects there will be annual CO₂ savings of 4 million metric tons. It is also estimated to provide 35% of electricity requirements for AMNS India’s Hazira steelmaking operations. 

ArcelorMittal said it is working on additional renewable energy projects in join venture partnerships in Brazil and Argentina.