Alcazar secures wind farm deal in Serbia
Alcazar has signed an agreement with RP Global towards securing the rights for the development, construction, and operation of a 200 MW wind farm in Serbia.
Image for illustration purposes.
Serbia, Belgrade: Alcazar Energy Partners has signed an agreement with RP Global towards securing the rights for the development, construction, and operation of a 200 MW onshore wind farm east of Belgrade, Serbia. Project Celzijus 1, representing a capital investment of about $300 million, will become one of the largest wind farms in the Western Balkans. The deal also includes a 768 MW pipeline of wind and solar projects in the country and the acquisition is expected to close by the end of this year.
This transaction is significant for Alcazar as it aims to build $600 million in renewable energy sites in Serbia and become the largest renewable energy platform in the region, with a total target of $1.2 billion in assets. Once fully operational, the projects could generate over 1700 GWh of clean energy per year.
Alcazar Energy Partners co-founder and managing partner Daniel Calderon commented: “We extend our deepest gratitude to the leadership teams at both RP Global and Alcazar Energy Partners for their dedication and vision in bringing this agreement to fruition. Serbia is an important market for the energy needs of not only the Western Balkans, but Central Europe too, and this project will provide valuable jobs and skills for the surrounding region. We are excited to work with Maja Maćić and the RP Global Serbia team as we work to bring these critical projects to life, contributing to the region’s renewable energy transformation.”
Source: renews.biz
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