Tech Giants Eye Argentina's Patagonia for Data Centers Amid U.S. Backlash
Investors are drawn by cool weather, wind and shale gas as pilot deals and mega projects move toward initial agreements.
- Tech giants including OpenAI, Amazon, and Google are scouting Argentina's Patagonia region for data center sites, attracted by cool temperatures, renewable energy resources, and vast stretches of undeveloped land.
- Patagonia offers consistent onshore wind power and affordable Vaca Muerta shale gas, while Argentina's RIGI incentive regime grants 30 years of stability on tax, customs, and foreign exchange rules.
- OpenAI signed a letter of intent with local developer Sur Energy for a Patagonian facility of up to 500 MW, with expected investment of around $25 billion.
- Hadassa Lutz, co-founder of advisory firm Cloud2Ground, warned 'saying you have power is not enough,' citing grid connections and connectivity as remaining practical constraints.
- Some investors are watching President Javier Milei's proposed Super RIGI before committing, as the scheme would raise entry thresholds to $1 billion and cut income taxes to 15%.
21 Articles
21 Articles
Globo
TerraA Argentinian Patagônia is attracting every time mais or interest of investers in search of locais for centers of dice, that they are attracted pelas temperatures baixas da região, pela energy renewável, pelo gass de xisto e pelas vast areas of terra vacadas. Enquanto giantes da tecnologia, known as “hiperscalers”, correm pelo mundo para construirservadores e confrontam obstacles em meio a campanhas contra os data centers, projetos em phase init…
Patagonia attracts data center investors with cool climate, renewable energy, and land for AI growth
Discover how Patagonia's unique landscape and resources are attracting massive data center investments from tech companies, sparking environmental debates and challenges related to energy and infrastructure.
Tech companies look to Argentina’s windswept Patagonia to build massive data centers
By Leila Miller BUENOS AIRES, Sept 7 (Reuters) - Argentina's rugged Patagonia is drawing increasing interest from investors searching for sites for mega data centers who are enticed by the region's cool temperatures, renewable energy, shale gas and em...
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