Overview
- The new portfolio adds 1 GW in India, lifting ArcelorMittal’s local renewable capacity to 2 GW and its global total to 3.3 GW.
- Projects are sited at Amaravati (36 MW solar), Bikaner (400 MW solar with 500 MWh battery storage), and Bachau (250 MW wind plus 300 MW solar with 300 MWh storage).
- Capital expenditure is estimated at $0.9 billion, with output supplied to AMNS India, the 60/40 venture with Nippon Steel, while AMNS India is also advancing a separate 550 MW Bachau project expected to cut about 0.9 million tonnes of CO2 annually.
- Target completion is H1 2027 for Amaravati and H1 2028 for both Bikaner and Bachau.
- Together with an existing 1 GW project already delivering power, the buildout is forecast to reduce annual emissions by about 4 million tonnes and cover roughly 35% of Hazira’s 2028 electricity needs.