The National Government announced the approval of the seventh project under the Incentive Regime for Large Investments (RIGI), consolidating a volume of historic investments in record time. This is the Olavarría Wind Farm, developed by PCR and Acindar, with an investment of more than US$250 million and a projected capacity of 180 megawatts (MW) of renewable energy.
Since its full entry into force last October, RIGI has received 15 submissions, of which 7 have been approved. The total confirmed commitment has already reached US$9.25 billion, a milestone that marks the impact of the deregulation and investment stimulus policy advocated by President Javier Milei.
The Minister of Economy, Luis Caputo, made the announcement official on his X account: "The RIGI Evaluation Committee has approved the 7th project. This is the Olavarría Wind Farm submitted by PCR and Acindar. The investment will be more than US$250 million and the farm will have a capacity of 180MW of renewable energy."
The first project approved under this regime was the El Quemado solar park, developed by YPF Luz in Mendoza, with an investment of US$211 million.
The second, on a monumental scale, was submitted by a consortium made up of YPF, Pan American Energy, Vista, Pampa Energía, Pluspetrol, Chevron, Shell, and Tecpetrol: the construction of the Vaca Muerta Oleoducto Sur (VMOS), with an investment of US$3 billion to export more than 500,000 barrels per day starting in 2027, generating almost US$13 billion annually.
The third project, aimed at the export of Liquefied Natural Gas (LNG), foresees US$2.825 billion in two stages to install liquefaction vessels in Río Negro.
