Alcazar Energy acquires $200m onshore wind project in Serbia

Alcazar Energy Partners has signed an agreement with RP Global to acquire the rights for the development, construction, and operation of Project Celzijus 1 onshore wind power project in Serbia for around $200m (€183m).

Project Celzijus 1, a 200MW project, located east of Belgrade alongside a 768MW pipeline of wind and solar projects.

This transaction will mark a significant milestone for Alcazar Energy as it advances towards its goal of building a $600m portfolio of renewable energy assets in Serbia and becoming the largest renewable energy platform in the region, with a total target of $1.2bn in assets.

Once fully operational, these projects are expected to generate more than 1,700GW of clean energy annually, supporting Europe’s transition to a greener, more sustainable energy future.

Project Celzijus 1, which represents a capital investment of approximately $300m, will become one of the largest wind farms in the Western Balkans.

Once operational, Project Celzijus 1 will produce enough clean energy to power more than 31,000 households annually, while preventing the release of approximately 426,000 tonnes of CO2e per year.

Daniel Calderon, co-founder and managing partner of Alcazar Energy Partners, said: “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.”

Gerhard Matzinger, CEO of renewable energy developer RP Global, said: “By joining forces with Alcazar Energy Partners, we will ensure that Project Celzijus 1 reaches completion with the same rigour and efficiency that we bring to all our developments. This agreement allows us to continue expanding our core projects while delivering clean energy to thousands of households.

“We are excited about what this partnership willachieve and look forward to working closely with Alcazar Energy Partner’s leadership and team to make it a success.”

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