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home / news releases / MT - ArcelorMittal enters strategic renewable energy partnership with Greenko Group

MT - ArcelorMittal enters strategic renewable energy partnership with Greenko Group

Arcelor Mittal NY Registry Shares NEW
ArcelorMittal (NYSE:MT) has established a strategic partnership with Greenko Group, India’s leading energy transition company, to work together to construct 975 MW of nominal solar and wind capacity. The $0.6B project will combine solar and wind power and be supported by Greenko’s hydro pumped storage project, which helps to overcome the intermittent nature of wind and solar power generation. The project will be owned and funded by ArcelorMittal. Project commissioning is expected by mid-2024. Utilising Greenko’s hydro pump storage project, 250 MW of uninterrupted renewable power will be supplied annually to ArcelorMittal’s JV company in India, ArcelorMittal Nippon Steel India (AM/NS India) under 25-year off-take, reducing AM/NS India’s carbon emissions by 1.5M tonnes p.a.

For further details see:

ArcelorMittal enters strategic renewable energy partnership with Greenko Group
Stock Information
Company Name: Arcelor Mittal NY Registry Shares NEW
Stock Symbol: MT
Market: NYSE
Website: arcelormittal.com
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