Overview

• The Economy Ministry’s Resolution 1.254/2025 formalizes the entry of the 180 MW Parque Eólico Olavarría, a roughly US$275 million investment by GEAR, the venture formed by PCR and ArcelorMittal Acindar.
• Located near Olavarría in Buenos Aires province, the plan installs 30 turbines of 6 MW each, a 33/132 kV substation, and a ~25 km 132 kV line to Transba, with upgrades at the Olavarría and Ezeiza stations, and is projected to create about 1,300 construction jobs with participation from more than 30 local suppliers.
• All generation is reserved for Acindar’s plants in Villa Constitución, Rosario, San Nicolás, La Tablada and Villa Mercedes under a private supply arrangement, with no power exports.
• Analyses by the Energy Secretariat, Cammesa and the Central Bank found no negative impact on the currency market and anticipate a positive FX balance through energy import substitution, while the Energy Secretariat will supervise execution.
• The approval lifts the RIGI tally to seven projects from a larger pipeline, with about US$9.3 billion in committed investment reported.