Aluar stock broadens energy strategy with new power projects
Published on 11/09/2026 at 02:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAluar broadens its energy strategy
- Aluar is expanding beyond aluminum production into commercial electricity generation and energy storage.
- The company plans to compete for the next concession process for the Futaleufú hydropower plant.
- Export markets and stricter emissions standards are shaping the company's integrated energy strategy.
Aluar is broadening its industrial model beyond aluminum production as it develops new electricity businesses in Argentina. Mejor Energia reported on November 2 that the company is moving toward commercial power sales after completing the fifth stage of its wind farm in Puerto Madryn.
Energy projects move beyond self-supply
The company is building a solar park in Abasto, Buenos Aires province, designed for commercial sales rather than internal consumption. Operations are expected to begin in the first quarter of 2027.
Aluar is also installing two battery energy storage systems awarded through the Alma GBA and Alma Sadi programs. The projects are planned for San Fernando in Buenos Aires province and Goya in Corrientes province, with both expected to operate during the first half of 2027.
Management said the group's installed generation capacity exceeds its aluminum plant's continuous demand by more than 1,000 megawatts. That surplus supports the company's plan to supply other industrial users while preserving reliable power for its electro-intensive smelter.
Futaleufu remains strategically important
Aluar plans to participate in the next tender for the Futaleufú hydropower concession, according to Vice President Federico Merener. The 472-megawatt facility has historically supported the Puerto Madryn complex, while the concession process is being prepared after transitional extensions.
The strategy is also linked to export requirements. Aluar exports more than 80% of its production, and the company says its aluminum business serves demanding markets where emissions and carbon-footprint standards are becoming stricter.
Aluar's industrial position
Aluar produces primary and processed aluminum, develops electricity generation and provides related industrial services from Argentina. Its main markets include Argentina and overseas destinations, with its corporate headquarters in Buenos Aires. The company is positioned as Argentina's primary aluminum producer while extending its integrated energy model into commercial power supply.
Aluar company profile
- Company: Aluar Aluminio Argentino S.A.I.C.
- Ticker: ALUA.BA
- Headquarters: Buenos Aires, Argentina
- Business: Aluminum, energy and industrial services
Argentina's industrial and equity-market backdrop remains relevant for Aluar's expansion plans; see Current market reports for broader market coverage.
Aluar's renewable generation, storage projects and planned Futaleufú bid give investors several milestones to monitor alongside aluminum demand, export conditions and the timing of the new concession process.
