ArcelorMittal South Africa is currently developing two 100-megawatt (MW) renewable energy plants. One of the plants will be in Gauteng and the other in the Western Cape, according to a statement released last week.  
 
The company expects the feasibility study to be completed during 2023/2024 and the benefits of the plants to be realized in 2025. The plant hopes to achieve net-zero carbon emissions by 2050.
 
Acindar — an ArcelorMittal branch in Argentina — will invest $140 million to build the San Luis Norte wind farm in southern province of Chubut. This will be done in partnership with Petroquímica Comodoro Rivadavia, a chemicals firm.
 
“Adding renewable energies to our plant’s energy supplies not only brings a benefit to the company, but also to the economy as a whole, since electrical capacity is released for other purposes and the demand for foreign currency is reduced,” said Acindar chief executive Everton Negresiolo.
 
The new wind-powered plants are expected for start-up in the second half of 2023.