Suzlon secures 248.5 MW wind project from ArcelorMittal
pre-market1 source ↓written by the desknot a recommendation
- from ArcelorMittal Group
- 248.5 MW wind project
- at ArcelorMittal Nippon's
- 550 MW hybrid initiative
- capacity to approximately
- 1,156 MW
Suzlon has secured a 248.5 MW wind project from ArcelorMittal Group, contributing to the decarbonization of steel production in India. This project is part of a 550 MW hybrid initiative at ArcelorMittal Nippon's Gujarat facilities, enhancing Suzlon's total green steel capacity to approximately 1,156 MW. This collaboration underscores Suzlon's role in the renewable energy sector and its reliability as a partner in the green transition.
• Key Points:
- Project part of a larger hybrid scheme
- Aimed at captive use for ArcelorMittal Nippon
- Supported by Indian Steel Green Council
This initiative may boost investor sentiment in the renewable energy sector.
Not investment advice. For informational purposes only.