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.