Alcazar Energy Partners has reached financial close for the Stip wind project in North Macedonia. The first phase totals 131.25 MW and has moved toward construction after securing financing and selecting Envision Energy as turbine supplier. The project is planned in three stages and could ultimately reach 396 MW.
Financing package and corporate power offtake
The financial close includes funding from the EBRD, IFC, Erste Group, and Sparkasse Bank Skopje. Electricity from the project will be sold under a long-term private power supply agreement with an investment-grade international corporate buyer. The contracted revenues are structured without reliance on a traditional state-backed support mechanism.
Turbine supply details for the 131.25 MW stage
Envision will supply 21 EN182 turbines, each rated at 6.25 MW. The turbines will have hub heights of 120 metres. The current financing and turbine order cover only the first stage of the development. Completion of the full project would increase North Macedonia’s wind generation fleet.
The Stip development combines international project financing, a corporate electricity offtake agreement, and large Chinese turbines. This structure is expected to provide a reference point for privately financed renewable projects elsewhere in Southeast Europe.
