Overview

• The project, dubbed Stargate Argentina, was presented to President Javier Milei and is described as the first Stargate site in Latin America with capacity of up to 500 megawatts.
• Investment is estimated at up to US$20–25 billion and would be executed through a joint venture with a leading cloud infrastructure developer, with OpenAI as the long-term offtaker of compute.
• The sponsors plan to apply under Argentina’s RIGI incentive regime, with final site selection in Patagonia, financing tranches and regulatory approvals still pending.
• Construction is targeted to begin in 2026, with an initial phase of roughly 100 MW expected online by late 2027 before scaling toward full capacity.
• The facility is planned to run primarily on renewable power, with local providers such as Genneia cited, and backers say it would generate thousands of jobs and exportable compute capacity.