Alcazar Energy Partners II

The Alcazar Energy Partners II focuses on investing in utility-scale renewable energy infrastructure projects across North Africa, Levant, Turkey, CIS countries, and the West Balkans. The fund primarily invests in Solar PV and onshore Wind Farms, constituting at least 75% of its invested capital. It targets projects ranging from 50MW up to 500MW, with deal sizes between USD 20-75m. Larger tickets are anticipated for onshore wind projects. With a focus on regions like the West Balkans, Egypt, Jordan, and Turkey, the fund aims to bridge the financing gap in renewable energy in these regions. This investment strategy is poised to mitigate CO2 emissions, promote energy independence, and help countries achieve their Paris Climate commitments. SIFEM's commits USD 15m to Alcazar Energy Partners II expecting to open new exposures in a Region where its holds fewer engagements. The Fund contributes primarily to SDGs 7 (affordable and clean energy) and 13 (climate action), and to a lesser extent to SDG 8 (Decent work and economic growth).

The demand for sustainable, renewable energy is soaring in the Target Region, making the financing of such projects crucial for environmental sustainability and energy autonomy. While countries like Albania, Bosnia, Egypt, North Macedonia, and Serbia are recognized as priority areas for SIFEM, limited exposure has been achieved due to challenges in identifying suitable investments. The partnership with Alcazar Energy Partners II stands to change this. Notably, the fund will not only contribute to reducing the carbon footprint but also support countries in the Target Region in their journey towards fulfilling Paris Climate commitments. Distinguished investors, including EBRD, IFC, Allianz, Proparco, EIB, AIIB, FMO, and KfW, have already shown their trust in Alcazar's vision by participating in the first close in November 2022.