Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW.
Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).
These partners join a strong group of private and public investors from the USA, Europe, Asia, and MENA, 80% of whom are rated AA or AAA, according to the Fund.
The Fund intends to develop more than 1600 MW of clean energy projects across emerging markets.
Daniel Calderon, co-founder and managing partner, said: “We are excited to announce the final close of our latest fund, welcoming blue-chip public and private infrastructure investors.
“Such a fundraising effort, in otherwise challenging market conditions, is a huge endorsement of the strength of our offering and a vote of confidence in our ability to lead the development of clean energy projects in emerging markets.
“With this fund, we are well positioned to continue investing in essential renewable energy projects that advance the energy transition in places that are currently underserved by the traditional investment community.”
