ArcelorMittal announces three new renewable energy projects in India, increasing global capacity to 3.3GW. Projects in Maharashtra, Rajasthan, and Gujarat will total 1GW of solar and wind capacity, with completion expected by 2028. Total capital expenditure for the projects is estimated at $0.9 billion, providing clean energy to AMNS India. These projects align with ArcelorMittal’s goal of sustainable and economically sound investments in the energy transition. Combined with other projects in Brazil and Argentina, the company will generate 3.3GW of electrical power when all projects are operational.

In addition to its renewable energy endeavors, ArcelorMittal is a leading integrated steel and mining company with a presence in 60 countries. The company’s purpose is to produce smarter steels for a sustainable future, using innovative processes to reduce energy consumption and carbon emissions. With a focus on renewable energy infrastructure, ArcelorMittal aims to support global efforts in transitioning to a cleaner and more sustainable society.

Read more at GlobeNewswire: ArcelorMittal expands its portfolio of renewable energy