ArcelorMittal Unveils Three Green Energy Projects in India with $900 Million Investment – EQ
In Short : ArcelorMittal has announced a $900 million investment to develop three green energy projects in India, comprising solar, wind, and energy storage assets. The projects will support clean power generation for industrial use, strengthen India’s renewable energy capacity, and advance the company’s decarbonisation strategy while reinforcing its long-term commitment to sustainable operations in the country.
In Detail : ArcelorMittal has unveiled plans to invest $900 million in three major green energy projects in India, marking a significant expansion of its renewable energy footprint. The initiative reflects the company’s growing focus on sustainability and clean power integration.
The projects will include a mix of solar and wind power generation, along with energy storage systems. Together, they are expected to add around 1 GW of renewable energy capacity to ArcelorMittal’s portfolio in India.
One of the projects involves the development of a solar power plant in Maharashtra, which will supply clean electricity to nearby industrial operations. The project is scheduled for completion in the coming years as part of a phased rollout.
Another key project will be developed in Rajasthan and will integrate large-scale solar capacity with battery energy storage. This combination is intended to ensure reliable and round-the-clock power availability.
The third green energy project is planned in Gujarat and will feature a hybrid mix of wind and solar generation, supported by storage solutions. This hybrid approach aims to optimise power output and grid stability.
Electricity generated from these renewable assets will primarily be used to support ArcelorMittal’s steel manufacturing operations in India. The move is expected to significantly reduce the carbon intensity of steel production.
By doubling its renewable energy capacity in India, ArcelorMittal is aligning its operations with global decarbonisation goals. The projects also support India’s national targets for clean energy expansion.
The investments are expected to generate employment opportunities during construction and operation, while also contributing to the development of local renewable energy infrastructure.
Overall, the announcement underscores ArcelorMittal’s long-term commitment to India and highlights the role of large industrial players in driving the transition toward sustainable and low-carbon energy systems.
