India: How can renewable energy be leveraged to drive steel sector decarbonisation?

Source: BigMint Jan 21, 2025 08:30

RE share in steel industry captive generation only 0.39%. Intermittency, high charges and costs hinder RE adoption. Steel sector's gross power requirement to rise by 95% in 2030-31.

Morning Brief: Of the many steel industry transition levers modelled by the Ministry of Steel, Government of India, renewable energy (RE) has been identified as a 'low hanging fruit' which can be leveraged more easily compared with the other decarbonisation strategies in reducing the carbon emissions from steel production. Steel is