SIFEM - Swiss Investment Fund for Emerging Markets

SIFEM invests USD 15m in Alcazar Energy Partners II

SIFEM has committed USD 15 million to Alcazar Energy Partners II, marking a significant stride in promoting sustainable and clean energy solutions across the Middle East and North Africa region, as well as the West Balkans. Alcazar Energy Partners II focuses on climate mitigating investments in a variety of nations, including but not limited to Jordan, Egypt, North Macedonia, Bosnia, Albania, and Serbia. The fund's primary objective is to find and develop renewable energy projects in these areas, catalysing the growth of clean energy sources and contributing to environmental sustainability.


Source: Alcazar Energy

Source: Alcazar Energy

This strategic investment by SIFEM supports the global call for cleaner and more sustainable energy solutions. With the MENA region being ideally situated to harness solar and wind energy, this investment will help facilitate the transition towards cleaner energy sources, reducing carbon emissions and the use of fossil fuels, and ultimately combatting climate change. Moreover, the inclusion of countries in the West Balkans underscores the commitment to broader regional development, energy diversification, and sustainability in a region with immense potential.

Partnering alongside SIFEM are prominent institutions such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), U.S. International Development Finance Corporation (DFC), the Asian Infrastructure Investment Bank (AIIB), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), Société de Promotion et de participation pour la coopération économique (Proparco), Kreditanstalt für Wiederaufbau (KfW), and the Energy Access and Affordability Fund (EMCAF).