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OpenAI and Sur Energy Unveil $20–25 Billion ‘Stargate Argentina’ AI Data Center Plan for Patagonia

The nonbinding agreement sets out a Sur Energy–led, RIGI‑eligible project with OpenAI positioned as the offtaker for up to 500 MW of AI compute.

Overview

  • Company representatives met President Javier Milei as they signed a letter of intent to pursue the first Stargate facility in Latin America.
  • The phased build targets construction in 2026, an initial roughly 100 MW online by late 2027, and progressive scaling toward 500 MW.
  • Estimated investment is up to $20–25 billion, with financing arrangements and a joint venture partner from cloud infrastructure still to be finalized.
  • Patagonia sites are being evaluated, and the center is planned to run primarily on renewable power from hydro, wind, and solar.
  • Backers project thousands of jobs and new digital export capacity, while site selection, detailed contracts, and RIGI submission remain in development.