PCR and ArcelorMittlal Acindar inaugurated the San Luis Norte Wind Farm and announced the construction of a new solar park

This is an automated translation of the original release published in Spanish.

PRESS RELEASE from PCR and ArcelorMittal
May 30, 2024

With the presence of the Governor of San Luis, Claudio Poggi, and directors of the companies PCR and ArcelorMittal Acindar, along with other national and provincial authorities and community representatives, the first wind energy park “San Luis Norte”, was inaugurated in the town of Toro Negro, department of Belgrano, north of the province of San Luis.

The park, which is deployed on a 1,500-hectare property, has 25 wind turbines with an installed capacity of 112.5MW of power and involved an investment of US$210 million.

This renewable complex, built in association between PCR and ArcelorMittal Acindar, has planned, as announced at the event, an additional stage that consists of the construction of a solar energy park with 18MW of power that will make it the first hybrid renewable energy generation park in the country, highlighting the wind and solar resources that this region of the province has. In this way, the complex will have a total installed capacity of 130.5MW of power, which is equivalent to supplying electricity for 210,000 homes per year, while at the same time contributing to an annual emissions reduction of 190,000 tons of carbon dioxide. 

“We are very proud to be able to inaugurate our first wind energy park in the province of San Luis and also to be able to communicate today our commitment to begin the construction of the solar park, expanding its generation capacity to another 18MW, thus becoming the first hybrid park in Argentina. This is one more step that we take as a company, demonstrating that we are protagonists and drivers of the energy transition of our country, providing solutions to promote the decarbonization of industries that seek to contribute to a cleaner planet," said Martín Federico Brandi, CEO of PCR.

For his part, Federcio Amos, CEO of Acindar, expressed that “the inauguration of the park's operations represents an important milestone in the history of ArcelorMittal Acindar. We are pioneers in the Argentine steel industry in the supply of renewable energy, and the first within ArcelorMittal globally to implement a project of this magnitude. We are proud to be promoters, together with PCR, of the country's renewable generation and at the same time contribute to the planet by reducing emissions into the atmosphere,” said Federico Amos, CEO of ArcelorMittal Acindar.

About PCR:

Argentine capital company with more than 100 years of experience in the country, specialized in oil & gas, renewable energies and cement. It is the oldest private company in the Argentine oil industry, the main cement manufacturer in the Patagonian region, and one of the leaders in the generation of renewable energy, currently operating four wind farm complexes with a total power of 527.4MW. located in the provinces of Santa Cruz, Buenos Aires and San Luis. In its cement division, the company has two cement production plants in Comodoro Rivadavia, Chubut, and Pico Truncado, Santa Cruz with an installed capacity of 800,000 tons per year. Finally, in its oil and gas division it registers operations in Argentina in the provinces of La Pampa and Mendoza and has four exploration and exploitation areas in Ecuador with a net production of 18,427 barrels of oil equivalent per day. Since 2022, it has also been developing energy investment projects in the United States.

About ArcelorMIttal Acindar:

ArcelorMittal Acindar is the leading long steel producing company in Argentina, which supplies the civil construction, agriculture, oil, energy, automotive and industry sectors in general. It has more than 80 years of history in the country and, since 2006, it has been part of ArcelorMittal, the main steel and mining producer worldwide, with whom it has proposed the great challenge of making steel increasingly sustainable. It has modern and large facilities in five cities in the country, its main productive property being that of Villa Constitución (province of Santa Fe), where it has an integrated production process: a mineral port, a Direct Reduction Plant with the Midrex process, Steelworks with electric arc furnaces and continuous casting machines, state-of-the-art rolling mills and a wire drawing and galvanizing plant. Part of the production process is also completed in its other plants in the cities of Rosario, Santa Fe; San Nicolás and La Tablada, Buenos Aires, where its Corporate Headquarters is located, and in the Mesh and Nails, and Special Mesh production plants in the city of Villa Mercedes, San Luis.