Alcazar is considering new acquisitions in the Western Balkans and plans 1 GW of renewable energy

Alcazar Energy aims to complete two or three acquisitions of renewable energy projects over the next few quarters to reach 1 GW of capacity in the Western Balkans, the fund announced at the Belgrade Energy Forum 2024.

Alcazar Energy is developing wind farm projects with a total capacity of almost 500 MW in the Western Balkans. The most recent acquisition in the region was the Bijela wind farm project in Šavnik, Montenegro, with an expected capacity of 118 MW.

In his speech at BEF 2024, Alcazar Energy’s managing director, Daniel Calderon, noted that it is a Luxembourg-based private equity fund regulated under Art. 9, and added that this means “it has an ESG investment perspective.”

“We have already completed the acquisition in Montenegro and we intend to complete two or three more in the next few quarters to achieve a total of 1 GW in the short period from construction to operation,” he explained.

Alcazar Energy is a fund that is growing

Investors include numerous private institutions and multilateral companies from the Americas, Europe and Asia, Calderon added.

What distinguishes Alcazar Energy is – in his opinion – a fund that is growing. One side of the fund knows how to structure project financing, how to bring wind farms to financial close, and the other side knows how to design the construction of these wind farms, but also how to work with local communities to make sure that the jobs around our wind farms stay in the communities – assured the head of the company.

Alcazar is therefore taking a sustainable approach in seeking to create a sustainable renewable energy portfolio in the Western Balkans, Calderon noted.

During a panel discussing the path and pace of progress towards a carbon neutral future, he highlighted the examples of Turkey, Morocco and Jordan. These are examples of how the region can benefit from the energy transition, Calderon added.

Notably, a week ago Alcazar Energy Partners II SLP-SCSp (AEP-II), a sustainable infrastructure fund based in Luxembourg, achieved a final close of USD 490 million, attracting capital from investors from North America, Europe, the Middle East and Asia.

AEP-II aims to develop 1.6 GW of capacity and mobilize $2 billion.

Post views: 37