ArcelorMittal Expands Renewable Energy Portfolio in India

ArcelorMittal announced on December 22, 2025, the expansion of its renewable energy portfolio with three new projects in India totaling 1GW of solar and wind capacity. These projects, with an anticipated capital expenditure of $0.9 billion, are expected to be completed by the first half of 2028. Upon completion, these will double ArcelorMittal's renewable energy capacity in India to 2GW and increase its global renewable energy capacity to 3.3GW. The power generated will be supplied to AMNS India, the company's steelmaking joint venture with Nippon Steel. In addition to ArcelorMittal's projects, AMNS India is developing its own 550MW renewable energy project. Collectively, these projects aim to deliver total annual CO2 savings of 4 million tonnes and provide 35% of the electricity requirements for AMNS India's Hazira steelmaking operations. The company is also developing renewable energy projects in Brazil and Argentina, which, combined with the Indian projects, will provide a total of 3.3GW of electrical power generation capacity.