Overview

• OpenAI and Sur Energy presented the Stargate Argentina letter of intent to President Javier Milei, outlining a facility of up to 500 MW powered by renewable energy.
• Sur Energy will develop and finance the project with a yet-to-be-named cloud infrastructure partner, while OpenAI will act as the offtaker for the compute capacity.
• Project backers plan to apply to Argentina’s RIGI regime to secure fiscal, customs and foreign-exchange benefits for large-scale investments.
• Construction is targeted to start in 2026, with an initial phase of about 100 MW expected to be online by late 2027 before scaling toward full capacity.
• OpenAI describes this as its first Stargate project in Latin America, and proponents say it could create thousands of jobs and generate exportable digital services.