ArcelorMittal boosts renewable self-supply to 85% by 2030 with Brazil hybrid park

ArcelorMittal's 753.5 MW hybrid solar-wind park in Bahia, Brazil, began full operations in March, with ~90% of output earmarked for its steel mills. The company targets raising renewable generation share from 61% to 85% by 2030, signaling a strategic shift toward energy self-sufficiency amid industrial decarbonization. This reduces exposure to grid price volatility and supports long-term cost stability, though the impact on steel output is indirect.