Renewables

Alcazar acquires rights to 200 MW wind power project, 768 MW project pipeline in Serbia from RP Global

alcazar rp global srbija ugovor celzijus vetropark solar Matzinger calderon

Photo: Alcazar

Published

October 14, 2024

Country

Comments

comments icon

0

Share

Published:

October 14, 2024

Country:

Comments:

comments icon

0

Share

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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Battery storage investors Romania rapidly expanding project pipeline

Battery storage investors in Romania rapidly expanding project pipeline

16 August 2025 - In an rising investment wave, firms in Romania are combining energy storage with solar, wind and hydropower or building standalone systems

north macedonia guarantees of origin solar power plant oslomej

Good start for North Macedonia: in first two months 100k+ guarantees issued

15 August 2025 - In April, the National Electricity Market Operator (MEMO) established the Register of Guarantees of Origin for electricity

serbia eps profit results 2025

Serbia’s EPS reports EUR 234 million profit for first half of 2025

15 August 2025 - State-owned Elektroprivreda Srbije (EPS) achieved lower profit in the first half of the year than in the same period of 2024

North Macedonia draft law envisages renewable energy auctions for CfDs

North Macedonia’s draft law envisages renewable energy auctions for CfDs

14 August 2025 - North Macedonia's draft Law on the Use of Energy from Renewable Sources covers auctions, CfDs, prosumers and renewable energy communities