ArcelorMittal ties with Greenko Group to develop a 975MW RE project
Global steel and mining firm ArcelorMittal on Tuesday announced its strategic partnership with Greenko Group for developing a round-the-clock renewable energy project with 975 MW of nominal capacity.
“ArcelorMittal today announces it has established a strategic partnership with Greenko Group, India’s leading energy transition company, to develop a ’round the clock’ renewable energy project with 975 MW of nominal capacity,” a company statement said.
According to the statement, the project worth USD 600 million will combine solar and wind power and be supported by Greenko’s hydro pumped storage project which helps to overcome the challenges due to intermittent nature of wind and solar power generation.
