Overview

• Executives presented the plan to President Javier Milei as OpenAI’s first Stargate project in Latin America, targeting up to 500 MW with an initial 100 MW phase.
• Total investment is estimated at up to USD 20–25 billion, with a first tranche of USD 7–10 billion to be raised through a Sur Energy–led structure.
• Developers aim to begin construction in 2026 and bring the first phase online by late 2027, pending permits, site selection and definitive contracts.
• Multiple Patagonian locations are under evaluation for a 5–7 hectare campus designed to run primarily on renewable energy and leverage the region’s cooling advantages.
• Sur Energy will develop and finance the facilities while OpenAI purchases the compute capacity, with power supply arrangements, environmental reviews and joint‑venture terms still to be finalized.