YPF acquires full ownership of YPF Luz for $430 million

YPF S.A. has completed the acquisition of the remaining 24.99% stake in YPF Energía Eléctrica S.A. (YPF Luz) from BNR Power Investments B.V. The transaction, valued at approximately $430 million, closed on October 14, 2026.

Following the deal, YPF S.A. holds 100% of the capital and voting rights of YPF Luz. BNR Power Investments B.V. was a vehicle through which GE Vernova held its interest in the company.

YPF Luz operates power generation assets across eight provinces in Argentina, with an installed capacity of approximately 3.8 GW. This includes 2,740 MW of thermal generation and 1,024 MW of renewable capacity. The company currently accounts for roughly 10% of the electricity supplied in Argentina and is the country’s second-largest renewable energy generator.