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India Renewable Energy Expansion by ArcelorMittal

Sector: Wind • Location: India

Source: TipRanks

Project
Planned

ArcelorMittal announced three new renewable energy projects in India totaling 1GW of solar and wind capacity. The projects are backed by $0.9 billion of capital expenditure and are scheduled for completion between 2027 and 2028. These projects will double ArcelorMittal's Indian renewable capacity to 2GW and increase its global renewable portfolio to 3.3GW. The power generated will supply its AMNS

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The project “India Renewable Energy Expansion by ArcelorMittal” is an infrastructure initiative in the Wind sector, located in India. Taiyo aggregates data on it from TipRanks.

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Description

Description

ArcelorMittal announced three new renewable energy projects in India totaling 1GW of solar and wind capacity. The projects are backed by $0.9 billion of capital expenditure and are scheduled for completion between 2027 and 2028. These projects will double ArcelorMittal's Indian renewable capacity to 2GW and increase its global renewable portfolio to 3.3GW. The power generated will supply its AMNS India steelmaking joint venture, contributing to significant CO2 savings and covering about 35% of the Hazira plant's projected 2028 electricity needs.

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High

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