ArcelorMittal’s largest renewable energy project, a 1GW solar and wind hybrid installation in Andhra Pradesh, southern India, has begun supplying clean electricity to AM/NS India, the company’s 60/40 joint venture with Nippon Steel.
Developed and commissioned by AM Green Energy, a wholly owned ArcelorMittal subsidiary, the USD 0.7 bln project is expected to cut AM/NS India’s carbon emissions by 1.5 mln tons annually. This supports its goal to reduce the carbon intensity of its steel production by 20pct by 2030, based on 2021 levels.
The hybrid project combines solar and wind power with a hydro pumped storage system, currently in final testing and slated for commissioning by June 2025. Once operational, it will deliver at least 250MW of continuous power, critical for uninterrupted industrial operations, and meet over 20pct of the energy needs at AM/NS India’s Hazira steel plant in Gujarat.
Spanning 2,400 acres for solar and 700 acres for wind, the facility includes around 1.5 mln solar panels and 91 wind turbines. At full capacity, it will generate 2.5 bln kilowatt-hours of electricity annually, enough to power nearly 10 mln Indian homes.
This project is part of ArcelorMittal’s broader push into renewables, with 2.3GW of capacity under development across India, Brazil, and Argentina. These initiatives are also tied to the company’s strategic growth plans, which aim to deliver an additional USD 1.9 bln in annual EBITDA by the end of 2027.