Genneia , the company with the most installed renewable capacity in Argentina, participated in the high-level dialogue with the private sector “Towards an Agenda for Prosperity: Positioning the Americas for a New Wave of Opportunities”, organized within the framework of the 56th General Assembly of the Organization of American States (OAS), held in Panama.
The meeting brought together business leaders, government officials and representatives of international organizations to discuss the region's challenges and opportunities in energy, trade, investment and innovation.
In that context, the president of Genneia, Jorge Brito , joined the panel “Energy and Critical Resources”, where he shared his vision on the opportunities that position Argentina as a strategic player in the new global energy map, on the eve of the 56th General Assembly of the OAS, headed by its Secretary General, Albert Ramdin, where presidents and ministers of the member countries and special guests will participate.
“Argentina can become a global hub for energy and artificial intelligence because it has a unique combination of natural resources, developing infrastructure, and a regulatory framework that is beginning to provide the predictability that long-term investments demand,” Brito stated during his presentation to 350 global government and business leaders. He emphasized that the country has exceptional conditions to consolidate itself as one of the leading energy investment destinations in the region, thanks to the complementarity of its conventional, unconventional, and renewable resources.
“The combination of Vaca Muerta, the development of LNG, the wind potential of Patagonia and the solar radiation of the NOA puts us in a privileged position to respond to the growing global demand for energy,” he said.
He also highlighted the role of the Incentive Regime for Large Investments (RIGI) as a key tool to accelerate large-scale energy infrastructure projects.
“The RIGI is the legal and fiscal tool that the private sector needed to make large investments viable. It offers tax, customs, and exchange rate predictability for 30 years and radically changes the equation for projects such as LNG liquefaction plants and new electricity transmission lines,” he stated.
The panel also addressed the exponential growth in energy demand associated with artificial intelligence and the opportunity it represents for countries with abundant competitive energy resources.
“Today, artificial intelligence demands gigawatts of clean energy worldwide. Argentina already has more than 6,000 MW of installed renewable capacity and some of the best wind power load factors on the planet. This makes us a highly competitive destination for the establishment of next-generation data centers,” Brito explained.
In that regard, he emphasized that the availability of renewable energy will be a determining factor for the location of new technological investments globally.
“Data centers require abundant, reliable, and low-carbon energy. We have an opportunity to leverage our resources to attract these investments and develop a new economy linked to technology and knowledge,” he added.
Finally, Brito argued that the country's challenge is to transform its energy potential into sustainable economic growth and the generation of added value.
“Argentina has a historic opportunity to transition from being a resource exporter to becoming a producer of energy and related industries with an international reach. The combination of our energy resources and an increasingly favorable investment environment allows us to envision long-term development with greater added value,” he concluded.