Alcazar receives US$490m to finance renewables
- Admin
- May 22, 2024
- 1 min read
Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490m for clean energy projects across emerging markets. The Fund acquired project rights for wind farms in the Western Balkans, totalling 456MW. Partners include the US International Development Finance Corporation (DFC) and investors from the USA, Europe, Asia, and MENA. Daniel Calderon, co-founder & managing partner, expressed excitement for the fundraising effort amidst challenging market conditions, emphasizing the development of renewable energy projects in underserved regions.
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