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ArcelorMittal plans to invest around $900 million to develop three renewable energy projects in India, with a combined capacity of 1 gigawatt (GW).
1 GW of renewable power can run a large Indian city of about 7–10 lakh homes every day.
What they do: ArcelorMittal is a global leader in steel and mining, producing steel from iron ore and coal for various industries like automotive, construction, and appliances.
The deets: the investment spans three renewable energy projects across India. This includes:
- a 36 MW solar power plant in Amravati
- a 400 MW solar plant with 500 MWh of battery storage in Bikaner, and
- a wind-solar project in Bachau, Gujarat combining 250 MW of wind, 300 MW of solar, and 300 MWh of battery storage.
The why: the clean electricity from these projects will be used by ArcelorMittal Nippon Steel India, ArcelorMittal’s steelmaking joint venture with Nippon Steel, which operates a major steel plant in Hazira, Gujarat.
The renewable power will support this growth while reducing reliance on coal-based electricity. It will cut emissions by around 4 million tonnes of CO₂ each year and meet about 35% of the plant’s power needs by 2028.
In the long-term: India’s power mix is steadily shifting cleaner, with fossil fuels falling from 55% today to 36% by 2030, while new renewables rise from 33% to 55% of installed capacity.
By 2030, total capacity is projected to jump from 445 GW to 779 GW, led by sharp growth in solar and wind, even as coal’s dominance declines.
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