ArcelorMittal (‘the Company’) today announces three new renewable energy projects in India totaling 1GW of nominal solar and wind capacity. Upon completion the projects will double ArcelorMittal’s renewable energy capacity in India to 2GW and increase the Company’s total global renewable energy capacity to 3.3GW.
Total capital expenditure for the three projects is anticipated to be $0.9 billion and the power generated will be supplied to AMNS India, ArcelorMittal’s 60/40 Indian steelmaking joint venture with Nippon Steel.
Link to press release