Overview
- Multiple high‑value proposals and exploratory agreements have surfaced for Patagonia but no hyperscale project is fully contracted or operational yet.
- OpenAI has a letter of intent with Sur Energy for a potential 500 MW Stargate Argentina project that remains unfinalized and dependent on a definitive contract and financing.
- Pampa Energía is negotiating pilot deals near its Loma de la Lata plant and says building dedicated transmission to serve 500 MW would cost roughly $900 million.
- Private developers have outlined staged builds such as FlexDomes' proposed 120 MW first phase (~$1.4 billion) and Green Capital's planned 300 MW first phase (~$3 billion) but both need investors.
- Major obstacles include large upfront grid and fiber upgrades, the need for pilot deployments before scaling, economic incentives under RIGI and local risks from Mapuche land claims and community consent.