Home » Alcazar Energy Partners Raises $490m for Renewable Energy Fund

Alcazar Energy Partners Raises $490m for Renewable Energy Fund

by Madaline Dunn

Sustainable infrastructure investor Alcazar Energy has announced that it has reached a final closing of US$490 million for its second renewable energy fund, attracting capital from investors in North America, Europe, the Middle East and Asia.  

The Fund, focused on utility-scale renewable energy projects in emerging markets, has attracted eight additional top-tier investors since first closing in November 2022.

These partners join a group of private and public investors, 80 per cent of whom have AA or AAA ratings. 

AEP-II’s strategy is to develop over 1.6 GW of clean energy projects across select emerging markets. Once operational these projects are expected to mitigate over 3 million tonnes of GHG emissions per year and generate long-term employment opportunities in the respective countries where the projects operate. 

The company has already acquired the project rights for its first two wind farms in the Western Balkans, totalling 456 MW.

Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy, said: “We are excited to announce the final close of AEP-II, welcoming blue-chip public and private infrastructure investors. Such a fundraising effort, in otherwise challenging market conditions, is a huge endorsement of the strength of our offering and a vote of confidence in our ability to lead the development of clean energy projects in emerging markets.

“With this fund, we are well positioned to continue investing in essential renewable energy projects that advance the energy transition in places that are historically underserved by the traditional investment community.”

You may also like  | About Us | Careers | Privacy & Policy

 © 2024 ESG Mena