US$490 million secured for Renewable Energy Fund
Alcazar Energy Partners has successfully concluded its financial arrangements, securing a total of US$490 million for its second renewable energy fund.
The fund aims to facilitate the development of over 1.6 GW of clean energy projects in selected emerging markets, including the western Balkans. These projects are expected to mitigate more than 3 million tons of greenhouse gas emissions annually.
The funding round attracted investors from various regions, such as North America, Europe, the Middle East, and Asia. Among the investors are prominent institutions like the European Bank for Reconstruction and Development, US International Development Finance Corp., Asian Infrastructure Investment Bank, and International Finance Corp.
Construction has already commenced on the fund's current portfolio, which includes two wind farms located in the western Balkans.
Country news
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April 28, 2024
1.5 GW Solar PV Project awarded in UAE
EWEC (Emirates Water and Electricity Company), announced the award for its 1.5 gigawatt (AC) Al Ajban Solar PV Independent Power Project located in Abu Dhabi in the United Arab Emirates.
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April 18, 2024
RFP issued for 1.5 GW Solar PV Project in UAE
Emirates Water and Electricity Company (EWEC) issued a Request for Proposals to qualified developers and consortiums for the 1.5 GW Khazna Solar Photovoltaic (PV) project located in the Al Khazna area of Abu Dhabi, UAE.
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February 22, 2024
Financial close achieved for 1.8 GW Solar project in UAE
Dubai Electricity and Water Authority (DEWA) and Masdar announced the financial closing of the 1800 MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park located in Dubai, UAE.
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January 31, 2024
EPC contract awarded for 1.8 GW Solar PV project in UAE
Masdar has awarded Larsen & Toubro (L&T) an Engineering, Procurement and Construction (EPC) contract for the development of 1,800MW Phase 6 of Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE.
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November 21, 2023
Masdar inaugurated 2 GW Solar PV Project in UAE
Masdar has inaugurated a 2 GW Al Dhafra single-site solar PV project in Abu Dhabi, UAE.
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