ArcelorMittal is set to invest USD900 million in three renewable energy projects in India with a combined capacity of 1 GW.
The projects will be developed across Maharashtra, Rajasthan, and Gujarat, with the generated power to be supplied to AMNS India, the joint venture between ArcelorMittal and Nippon Steel. The proposed portfolio includes a 36 MW solar project in Amaravati, Maharashtra; a 400 MW solar power plant with a 500 MWh battery energy storage system in Bikaner, Rajasthan and an integrated renewable project comprising 250 MW of wind and 300 MW of solar capacity with battery storage in Bachau, Gujarat