ArcelorMittal Unveils $900M Green Energy Investment in India

Global steel giant ArcelorMittal has unveiled a major expansion of its renewable energy footprint in India, announcing three new green energy projects worth $900 million. These initiatives—involving solar, wind, and battery storage installations—are aimed at accelerating the company’s energy transition and supporting a cleaner power supply for its Indian operations. 

The combined capacity of the projects will total 1 gigawatt (GW) of renewable energy, helping to double ArcelorMittal’s clean energy capacity in India to 2 GW once complete. The investment underscores the company’s commitment to sustainability and decarbonization in one of its key markets.

Details of the Three Projects

• A 36 MW solar facility in Amaravati, Maharashtra, aimed at low-carbon energy generation. 

• A 400 MW solar plant with 500 MWh battery storage in Bikaner, Rajasthan, designed to provide reliable renewable power even beyond peak sunlight hours.

• An integrated wind and solar project in Bachau, Gujarat, featuring 250 MW of wind and 300 MW of solar capacity plus 300 MWh of battery storage, enhancing grid stability and energy security. 

According to ArcelorMittal CEO Aditya Mittal, these projects will secure a clean and dependable energy supply for its Indian steelmaking joint venture, AMNS India (a 60:40 partnership with Nippon Steel), and strengthen the company’s global renewable portfolio. 

By investing in advanced renewable infrastructure with battery energy storage, the company aims to reduce carbon emissions from its operations and support India’s broader transition to sustainable energy solutions. The initiatives also reflect growing corporate responsibility trends as industrial firms align with global climate goals. 

ArcelorMittal’s clean energy push in India comes alongside other green energy developments in the country, including large solar and wind projects by domestic and international companies. Together, these efforts are contributing to India’s goal of significantly expanding its renewable energy capacity by 2030