Page 36 - Steel Tech India eMagazine Volume April 2022

VOL. 16 • NO. 3 • April 2022

although ArcelorMittal is looking to accelerate this 958MW Solar and Wind Projects signed (25 year PPA)
timeline. with JSW Steel under the Group captive scheme. this
solar project has commenced operations in a record
According to ArcelorMittal, the new manufacturing
processes contribute to a considerable reduction of cO2 time of less than 12 months despite several headwinds
emissions and deliver other positive environmental like covid-19 related disruptions, elevated commodity
impacts including the elimination of emissions and prices, and global supply chain outages.
flaring from coke and iron making operations. Apart from this, the company is also constructing
2.25GW of greenfield renewable energy capacity in
the investment was contingent on support from the
governments of canada and Ontario. In July 2021 pursuit of reaching 10 GW capacity by FY25, and 20
the Government of canada announced that it will GW capacity by FY30, entirely driven by renewables.
invest cAD$400 million in the project and now the Prashant Jain, Joint Managing Director and ceO of
Government of Ontario has committed to investing JSW energy, said: “commencement of operations at
cAD$500 million, which secures project funding and the 225MW Solar plant within the scheduled timelines
firms up the investment, claims the steelmaker. is a key landmark for the company and testament to its
world-class project execution capabilities. In the coming
“From day one, our government’s plan has been to
unleash Ontario’s economic potential by reducing months, we remain upbeatto commence operations of
the cost of doing business in Ontario by nearly $7 our under-construction pipeline of 2GW wind projects,
billion a year,” said Vic Fedeli, Minister of economic in phases. We will continue to contribute meaningfully
Development, Job creation and trade. “this once-in- in achieving India’s renewable capacity add and net-
a-generation investment to transform the province into zero ambition driven targets”.
a world-leading producer of green steel is a major step JSW energy has set an ambitious target for a 50%
forward as we strive for a full economic recovery and reduction in its carbon footprint by 2030 and achieving
transform our auto supply chains to build the car of the Carbon Neutrality by 2050 by transitioning towards
future – right here in Ontario,” he added. renewable energy. the company has set a target
to reach 20 GW capacity by 2030, with the share of
the steelmaker announced the news on 15 February at
an event in the company’s Dofasco’s plant in hamilton, renewable energy increasing to 85% of total. Around
which was attended by ArcelorMittal North America 2.25 GW of renewable energy projects are currently
ceO John Brett, ArcelorMittal Dofasco president and under-construction, Wind projects of 1.26 GW tied with
ceO Ron Bedard, Ontario Premier Doug Ford, Minister SecI, are expected to be commissioned in the next 12
of economic Development Job creation and trade Vic months. With the commissioning of these projects, the
Fedeli, Minister of energy todd Smith and MPP Donna company’s total generation capacity will increase to ~7
Skelly. GW, with renewable energy share amounting to about
55%.
At the heart of the plan is a 2.5Mt capacity DRI facility
and an eAF capable of producing 2.4Mt of high- the company is expeditiously securing resources of
quality steel through its existing secondary metallurgy more than 20GW capacity in various resource rich
and secondary casting activities. Modification of the states. Further, the company is evaluating opportunities
existing eAF facility and continuous casters will align for expansion into emerging energy businesses of
productivity, quality and energy capabilities between all hydro pumped storage, battery energy storage, green
assets in the new footprint. hydrogen and energy products & services.
JSW energy ltd is one of the leading Private sector
JSW Energy Commences Operations at the 225MW power producers in India and part of the USD 13
Solar Project billion JSW Group which has significant presence in
JSW Renewable energy Vijayanagar limited- a sectors such as steel, energy, infrastructure, cement,
subsidiary of JSW energy limited, has commenced sports among others. JSW energy ltd has established
operations at the 225 MW Solar plant at Vijayanagar, its presence across the value chains of power sector
Karnataka. this project is part of the earlier announced with diversified assets in power generation, and
transmission. With strong operations, robust corporate

34 Steel tech