These plans include substantial renewable energy development in India, Brazil, and Argentina that have already been initiated by ArcelorMittal. Collectively, these programs will provide an astounding 3.3GW of electric generation capacity. For the company, the Indian market is a huge priority growing market. It’s working to greatly expand its renewable energy footprint in that state.
These projects are intentionally placed in Amaravati, Maharashtra, Bikaner, Rajasthan, and Bachau, Gujarat – very different contexts. Together, these initiatives signify an important step forward for ArcelorMittal. They welcome the firm’s deepening dedication to sustainable energy and reducing carbon emissions in the production of steel.
Details of the Bikaner Project
In Bikaner, Rajasthan, ArcelorMittal plans to build a 400MW solar plant combined with a 500MWh battery storage system. This project will reduce approximately 0.9 million tons of CO2 emissions annually. Overall, in conjunction with these other improvements, it will begin to significantly reduce carbon emissions overall by about 0.65 million tons per year.
The Bikaner solar facility is expected to play a crucial role in supporting ArcelorMittal’s operations in India by providing a secure supply of clean energy. This ambitious investment in renewable technology further exemplifies the company’s commitment to groundbreaking solutions that support not just their business objectives, but the world’s climate goals.
“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.” – Aditya Mittal
Expansion in Gujarat and Overall Capacity
ArcelorMittal is firing up an intriguing new project in Bachau, Gujarat. The project includes a 250MW wind farm and a 300MW solar farm integrated with 300MWh of battery storage. This comprehensive strategy increases the company’s renewable energy output. It demonstrates its commitment to diverse energy sources.
Once these projects are up and running, they will increase ArcelorMittal India’s renewables capacity by another 1GW. This latest increase will bring the firm’s total up to 2GW. The firm’s aggregate international pipeline will grow to 3.3GW with these projects’ completions.
Commitment to Sustainability
ArcelorMittal’s investments in renewable energy are not merely tactical moves but are emblematic of a larger corporate strategy of aligning economic opportunity with environmental stewardship. As a leading global media and entertainment conglomerate, the company has a unique opportunity to make a positive impact on climate change while continuing to drive robust business success.
“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.” – Aditya Mittal