Overview

• Economy Minister Luis Caputo announced on August 11 that the Comité Evaluador del RIGI approved the Parque Eólico Olavarría as the program’s seventh green light since its October 2024 launch.
• Led by PCR and Acindar, the new wind farm represents over $250 million in investment and will deliver 180 MW of renewable power to ArcelorMittal Acindar’s plants in Buenos Aires province.
• RIGI offers a corporate tax cut from 35% to 25%, transferable VAT credits, exemptions from import and export duties, and phased access to export earnings—20% in year one, 40% in year two and 100% from year three.
• Projects must commit at least $200 million and disburse 40% of that investment within two years, criteria enforced by the Evaluator Committee through approvals and rejections such as that of Ganfeng’s Mariana lithium proposal.
• With seven approvals and some 14–17 submissions still under review, the program’s portfolio spans solar and wind power, hydrocarbon export pipelines, GNL infrastructure, lithium mining and steel production.