News

October 15th, 2024 | Dubai, United Arab Emirates
Alcazar Energy Partners Announces Agreement with RP Global for Acquisition of Rights to 200 MW Wind Power Plant and 768 MW Renewable Energy Project Pipeline in Serbia
Alcazar Energy Partners, a leading independent investor in renewable energy across growth markets, proudly announces the signing of an agreement with RP Global, towards securing the rights for the development, construction, and operation of Project Celzijus 1, a 200 MW onshore wind power project, located east of Belgrade alongside a 768 MW pipeline of wind and solar projects in Serbia. The acquisition is expected to close by the end of this year.
This transaction will mark a significant milestone for Alcazar Energy Partners as it advances towards its goal of building $600 million in renewable energy assets in Serbia and becoming the largest renewable energy platform in the region, with a total target of $1.2 billion in assets. Once fully operational, these projects are expected to generate over 1,700 GWh of clean energy annually, supporting Europe’s transition to a greener, more sustainable energy future.
RP Global, an international developer and operator of large-scale renewable energy projects, has a proven track record of over 40 years in advancing renewable energy initiatives. Project Celzijus 1, which represents a capital investment of approximately $300 million, 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 tons of CO2e per year. The project is also expected to create more than 800 jobs during the construction phase, contributing to the local economy.
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. We are excited to work with Maja Maćić and the RP Global Serbia team as we work to bring these critical projects to life, contributing to the region’s renewable energy transformation.”
Gerhard Matzinger, CEO of 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 will achieve and look forward to working closely with Alcazar Energy Partner’s leadership and team to make it a success.”
About RP Global
RP Global is a leading developer, operator, and investor in the renewable energy sector with over 40 years of experience. The privately owned company has established strong local teams across its core markets in Western and Eastern Europe. RP Global focuses on the development and management of solar PV, wind, hydropower, green hydrogen, and storage projects. Currently, the company is advancing a development pipeline exceeding 16 GW.
With headquarters in Vienna, Austria, and Madrid, Spain, RP Global has co-founded and invested in key players such as Pexapark, a PPA advisory firm, and Enery, a fast-growing independent power producer (IPP) in Eastern Europe. Leveraging its expertise in preparing hydro, wind, and solar PV projects for non-recourse project financing, RP Global has raised over €1 billion in capital, adhering to best industry practices for capital market transactions and project finance.
RP Global Austria GmbH
Schwarzenbergplatz 5/2/1
1030 Wien, Austria
More information at: Investing in a green future | RP Global (rp-global.com)
General enquiries: hq.vienna@rp-global.com
About Alcazar Energy Partners
Alcazar Energy Partners is a leading independent sustainable investment manager with a strong track record in investing and developing utility scale renewable energy projects in emerging markets since 2014. Following the success of its first investment vehicle, Alcazar Energy Partners I, Alcazar Energy Partners closed its second vehicle, Alcazar Energy Partners II at USD$490m. This brought together blue-chip public and private investors from North America, Europe, Asia, and the Middle East. Alcazar Energy Partners II is expected to develop over 1.6GW of greenfield clean energy projects, mitigate 3m tons of GHG emissions per year and mobilise c.a. USD$2bn of foreign direct investment in selected emerging markets.
Alcazar Energy Partners in the Western Balkans
Alcazar Energy Partners has set a target of developing 1GW of renewable energy projects in the Western Balkans. In September 2023, Alcazar Energy Partners acquired the Bijela wind farm in Montenegro with a project investment of USD$170 million. In partnership with Simes Inženjering and Sistem MNE, this project will create over 700 construction jobs and will be able to power 20,000 households each year.
In June this year, Alcazar Energy Partners acquired the rights to the Shtip wind farm in North Macedonia with a total investment of USD$500M. Once built this will be one of the largest renewable energy projects in the Western Balkans and will have a capacity of 400MW and will mitigate 670,000 tons of CO2 each year. Most recently, Alcazar Energy Partners announced the signing of the Grid Connection Agreement for the 118MW Bijela wind farm with CGES – Crnogorski elektroprenosni sistem AD, the Montenegrin Transmission System Operator (TSO).
More information at: https://alcazarenergy.com/
General Enquiries: info@alcazarenergy.com
Media Enquiries: AlcazarEnergy@h-advisors.global