The CEO of ArcelorMittal Acindar, Federico Amos, celebrated the decision as a historic step: "The Olavarría Wind Farm marks a milestone in our path toward decarbonization. It will allow us to supply more than 65% of our operations in Argentina with renewable energy, reducing our carbon footprint and reaffirming our commitment to sustainability."
Meanwhile, the CEO of PCR, Martín Federico Brandi, emphasized the project's role in the country's transformation: "This project strengthens our commitment to the country's energy transition to build a more reliable, cleaner, and more competitive electricity matrix, in line with economic growth."
The RIGI, designed by Milei's government to guarantee legal, fiscal, customs, and exchange stability for 30 years, has already attracted the interest of more than 20 projects that have accumulated investment commitments exceeding US$ 33.6 billion. The sectors benefiting include mining, oil & gas, renewable energy, and industry, with a strong presence in at least ten provinces.
In its debut, the regime attracted investments in Vaca Muerta and in major mining projects, such as El Pachón and Agua Rica (Glencore), for more than US$ 13.3 billion, following the elimination of export duties on minerals. Now, the Olavarría Wind Farm is positioned as one of the largest industrial ventures in Buenos Aires province and a symbol of the shift toward a more productive and modern Argentina.
With more than one hundred years of experience in oil, gas, renewable energy, and cement, PCR thus adds another milestone to its history. Together with ArcelorMittal Acindar, a leader in long steel production for more than 80 years, the business alliance stands as a symbol of the structural change promoted by the new government.
