ArcelorMittal Invests $0.9 Billion to Double India's Green Energy Capacity

• ArcelorMittal plans three new renewable energy projects in India with a USD 0.9 billion capital expenditure.
• These projects, located in Maharashtra, Rajasthan, and Gujarat, will add 1 GW of solar and wind capacity.
• The new capacity will double ArcelorMittal's Indian green energy portfolio to 2 GW and increase global capacity to 3.3 GW.
• Power generated will supply AMNS India, a joint venture with Nippon Steel, reducing 4 million tonnes of CO2.
• The projects will fulfill 35% of AMNS India's Hazira steelmaking operations' electricity needs.

Why It Matters: ArcelorMittal commits $0.9B to expand India's green energy, doubling its capacity to 2 GW for AMNS India.