New Delhi: ArcelorMittal on Monday announced an expansion of its renewable energy (RE) portfolio, adding new solar, wind and battery storage projects as part of its strategy to secure clean energy for its operations and advance its climate commitments. In a statement, the steelmaker said the new projects will significantly increase its renewable energy capacity and strengthen its global footprint in clean power generation, while supporting its steelmaking operations with a reliable supply of low-carbon electricity.
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The company said the renewable energy projects are aimed at supplying clean electricity to its steel operations, reducing dependence on fossil fuels and improving the sustainability of its energy mix.
“With these new projects, we are doubling our renewable energy capacity in India, providing a secure supply of clean energy to our Indian steelmaking operations and strengthening our global footprint in clean power,” said Aditya Mittal, chief executive officer of ArcelorMittal.
Mittal said the investments reflect the company’s approach of aligning sustainability objectives with long-term business performance.
“Our approach is to invest in projects that are sustainable, economically sound, and aligned with our ambition to make a meaningful contribution to the energy transition,” he said. “These investments show how climate responsibility and business performance can go hand in hand.”
ArcelorMittal said the expansion of its renewable energy portfolio forms part of its broader decarbonisation strategy, with clean power playing a key role in reducing emissions from steelmaking operations.
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The company added that the new projects will further strengthen its renewable energy presence alongside existing and planned clean energy assets, reinforcing its commitment to integrating renewable power into its industrial operations.
