Alcazar Energy Partners II reaches US$336.6mln first close for renewable energy projects

Alcazar Energy Partners II reaches US$336.6mln first close for renewable energy projects

- With a target size of US$500m and a hard cap of US$650m, the fund will continue the strategy of its predecessor, focusing on mid-market renewable energy investments

- AEP-II will mobilise c.a. US$2bn of foreign direct investment, including project finance, into emerging markets, creating over 15,000 construction jobs with an emphasis on local employment

- AEP-II’s portfolio will develop over 2GW of clean energy, saving 3.2m tonnes of Greenhouse Gas (GHG) emissions per year, generating electricity able to power over one million households

- AEP-II’s projects will allocate US$35m to initiatives tailored to the needs of the communities in which they operate, including women’s empowerment, local skills development, and sustainable-energy related initiatives

COP27, Sharm El-Sheikh, Egypt: Alcazar Energy Partners II SLP (SCSp) (“AEP-II”) a Luxembourg domiciled sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets, has achieved a first close of US$336.6m.

This landmark transaction will enable the development and construction of over 2GW of clean energy infrastructure across selected emerging markets. AEP-II aims to achieve a total generation equivalent to powering over one million households and saving c.a. 3.2m tonnes of Greenhouse Gas emissions.

AEP-II’s investors include the European Bank for Reconstruction and Development (EBRD); the European Investment Bank (EIB); EMCAF,