Photo: Alcazar
Alcazar Energy Partners announced the signing of an agreement with RP Global towards securing the rights for the development, construction, and operation of Project Celzijus 1, a 200 MW onshore wind power project, alongside a 768 MW pipeline of wind and solar projects in Serbia.
In the press release, Alcazar Energy Partners said the site is located east of Belgrade and added that the acquisition is expected to close by the end of the year.
The company said the transaction would mark a significant milestone as it advances toward its goal of building renewable energy assets in Serbia worth USD 600 million in total and becoming the largest renewable energy platform in the region, with a total target of USD 1.2 billion in assets.
The capital investment in Project Celzijus 1 is valued at USD 300 million
Once fully operational, the projects are expected to generate over 1,700 GWh of clean energy annually, the update reads.
RP Global, an international developer and operator of large-scale renewable energy projects, has a proven track record of over 40 years in advancing renewable energy initiatives, Alcazar added.
The company estimated the capital investment in Project Celzijus 1 at USD 300 million. It would be one of the largest wind farms in the Western Balkans, the company added.
Calderon: Serbia is an important market for the energy needs of not only the Western Balkans, but Central Europe, too
Once operational, Project Celzijus 1 would produce enough clean energy to power more than 31,000 households, while preventing the release of approximately 426,000 tons of carbon dioxide equivalent per year. The endeavor is expected to create more than 800 jobs during the construction phase, contributing to the local economy, Alcazar said.
“Serbia is an important market for the energy needs of not only the Western Balkans, but Central Europe too, and this project will provide valuable jobs and skills for the surrounding region. We are excited to work with Maja Maćić and the RP Global Serbia team as we work to bring these critical projects to life, contributing to the region’s renewable energy transformation,” said Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy Partners.
Matzinger: This agreement allows RP Global to continue expanding its core projects
On this occasion, RP Global’s CEO Gerhard Matzinger said that by joining forces with Alcazar Energy Partners, his company would ensure that Project Celzijus 1 reaches completion with the same rigor and efficiency that it brings to all its developments.
The agreement allows RP Global to continue expanding its core projects while delivering clean energy to thousands of households, he added.
At Belgrade Energy Forum 2024, Alcazar revealed the ambition to complete two or three acquisitions of renewable energy projects over the following couple of quarters to reach 1 GW of capacity in the Western Balkans.
In June, soon after it reached a final closing of its sustainable infrastructure fund AEP-II, Alcazar kickstarted a 400 MW wind power investment in North Macedonia.
Three weeks ago Alcazar signed the agreement on grid connection for a 118.8 MW Bijela wind power project in Montenegro.
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