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Alcazar commits $500m to 400MW North Macedonia scheme

RICHARD HEAP

June 25, 2024

Dubai-headquartered investor Alacazar Energy Partners has committed $500m to a 400MW wind project near Skopje in North Macedonia.

The Shtip project is due to achieve financial close by the end of 2025 and construction is set to start in early 2026.

Daniel Calderon, co-founder and managing partner of Alcazar Energy, said: “Alcazar Energy sees North Macedonia as a promising investment location for renewable energy. We look forward to collaborating with the government and stakeholders to build the country’s largest wind farm, significantly increasing its wind capacity.”

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