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Global steel and mining major ArcelorMittal has commenced the supply of clean energy to AMNS India in Gujarat from its 1-gigawatt (GW) solar and wind energy project located in Andhra Pradesh. According to the company, the $0.7 billion project was developed, constructed, and commissioned by its wholly owned subsidiary, AM Green Energy. ArcelorMittal stated that its largest renewable energy initiative, based in Andhra Pradesh, had recently begun supplying clean electricity to AMNS India. AMNS India is a joint venture between Luxembourg-based ArcelorMittal and Japan's Nippon Steel, with a shareholding ratio of 60:40. The renewable project is expected to cut AMNS India鈥檚 carbon emissions by 1.5 million tonnes annually. This aligns with the steelmaker鈥檚 goal of reducing the carbon intensity of its steel production by 20 per cent by 2030, based on a 2021 benchmark. ArcelorMittal highlighted that this initiative is part of a broader pipeline of renewable energy projects under development, with a total capacity of 2.3 GW across India, Brazil, and Argentina. The project forms a component of ArcelorMittal鈥檚 portfolio of strategic growth initiatives, which are expected to deliver an incremental annual EBITDA of $1.9 billion once all are completed by the end of 2027. The solar power site spans approximately 2,400 acres鈥攅quivalent to over 1,700 FIFA-sized football fields鈥攚hile the wind farm covers around 700 acres. Now fully operational at its intended capacity, the project features roughly 1.5 million solar panels and 91 wind turbines, collectively generating 2.5 billion kilowatt-hours (kWh) of electricity each year, enough to supply power to nearly 10 million Indian households. News source: The Print