Alcazar Energy Partners

Alcazar Energy Partners is a Dubai-based private investment firm specializing in renewable energy projects across emerging markets. Established in 2014, the firm focuses on utility-scale renewable energy projects, including solar photovoltaic and onshore wind, in regions such as the Middle East, North Africa, and Eastern Europe. Their unique business model combines investment and development approaches, supported by strong in-house delivery capabilities, enabling them to manage projects from early development stages through to operation.

The firm's first investment vehicle, Alcazar Energy Partners I (AEP-I), established in 2014, developed a portfolio of five solar and two wind projects in Egypt and Jordan, totaling 411 MW of operational capacity. In 2021, AEP-I's portfolio was acquired by a consortium led by China Three Gorges South Asia Investment Ltd, marking a significant milestone in Alcazar Energy's growth. Following this success, Alcazar Energy launched its second vehicle, Alcazar Energy Partners II SLP (SCSp) (AEP-II), a Luxembourg-domiciled sustainable infrastructure fund. AEP-II aims to develop over 1.6 GW of clean energy across selected emerging markets, with a target size of US$500 million and a hard cap of US$650 million. The fund has attracted capital from investors in North America, Europe, the Middle East, and Asia, including the U.S. International Development Finance Corporation (DFC), the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB). AEP-II's portfolio includes projects in the western Balkans, such as the Shtip wind farm in North Macedonia, which is set to become the country's largest wind farm upon completion. Alcazar Energy's commitment to responsible investment and collective action aims to accelerate the transition to a net-zero world through sustainable infrastructure development.