YPF Luz, legally YPF Energía Eléctrica S.A., is Argentina's leading pure-play power generation company and a wholly owned subsidiary of YPF S.A., the nation's primary integrated energy company.
It operates a diversified portfolio of assets with approximately 3.8 GW of installed capacity, comprising high-efficiency combined-cycle thermal plants using natural gas and renewable facilities including wind farms and solar parks. The company generates roughly 10% of Argentina's electricity and supplies both the wholesale market (MEM) and industrial clients via long-term power purchase agreements (PPAs), with particular strength in renewable energy contracts.
YPF Luz maintains operations across eight provinces, with major assets such as the Tucumán Generation Complex (over 1.3 GW thermal), Dock Sud plant, and renewable projects including Manantiales Behr wind farm, Los Teros, Zonda and El Quemado solar parks, and others under development like CASA wind farm. It also advances battery energy storage systems (BESS).
Founded in 2013 as YPF's dedicated electricity generation arm, it previously included a minority stake held by BNR Power Investments B.V. (linked to GE Vernova), which YPF fully acquired in October 2026 for US$430 million. This structure enhances vertical integration within the YPF group while allowing YPF Luz to retain specialized focus on efficient, reliable, and increasingly sustainable power generation in Argentina's evolving energy market.
Also known as YPF Luz SA.
None yet. When a new project in the record names YPF Luz as owner, partner or investor, it shows here.
Quarterly adjusted EBITDA reached US$2.503 billion as shale oil output rose 32% year over year.
