Argentine long steel producer ArcelorMittal Acindar, part of steel making multinational ArcelorMittal SA, has agreed to make additional investments in a wind power project in San Luis Province, central Argentina, as well as build a new solar farm.
The steel giant has announced that it will join forces with Argentine energy and cement company PCR to boost their investment in the San Luis Norte wind farm project by $70 million to add to new turbines to the ones already planned.
The first phase of San Luis Norte, which ArcelorMittal Acindar says in now under way, will have 76.5 MW across 17 Vestas wind turbines. The expansion that was just announced will bring eight Vestas turbine totalling 36 MW.
Additionally, a solar power project of 18 MW is planned for the same area.
For PCR and ArcelorMittal Acindar, the total investment will reach $210 million. All three projects will add a combined 112.5 MW, enabling the steel producer to cover over 30% of its power demand with renewables in the second half of 2023.
ArcelorMittal Acindar stated that its production facility in La Tablada, Buenos Aires province, already runs 100% on renewable energy. This was achieved as a result of an agreement between ArcelorMittal Acindar and PCR, which is supplying the power from the Bicentenario II wind farm.