The company acquired the 80 MW Cafayate solar park in Salta province for approximately $50 million, securing an operating asset with existing RenovAr 1.5 contract structures generating 220 GWh annually. A second greenfield solar facility, the 15 MW San Carlos park near Cafayate, carries a $20 million price tag and targets November 2025 completion. In wind development, Central Puerto is constructing the 111 MW Alamitos park adjacent to its existing La Genoveva facility near Bahía Blanca, committing $140 million for a late 2027 operational date and projected 500 GWh annual output.
Thermal capacity expansion centers on the $180 million combined-cycle closure at Central Brigadier López in Santa Fe’s Sauce Viejo, adding 140 MW to the existing 292 MW installation for a December 2025 finish. CEO Fernando Bonnet disclosed broader 2026 investment intentions exceeding $300 million across energy, mining and oil and gas sectors during New York investor meetings, highlighting international capital interest in Argentine projects. Bonnet confirmed the company is evaluating thermal plant privatization opportunities and advancing lithium mining connectivity projects in northern Argentina, including power line construction for extraction operations.
Central Puerto’s forestry division separately landed a $40 million commitment for a sawmill complex at Santa Rosa Industrial Park in Corrientes, leveraging provincial law 5470 tax exemptions and RIGI federal stability provisions. The facility will process timber from the company’s 160,000-hectare holdings acquired from Masisa and EVASA, integrating biomass cogeneration with export-oriented solid wood production. Corrientes Governor Juan Pablo Valdés used the announcement to pressure Economy Minister Luis Caputo for RIGI threshold reductions below the current $200 million minimum, arguing regional forestry, rice and livestock projects require adapted qualification criteria.
This article was curated and published as part of our South American energy market coverage.
