EBRD invests $80 million in »Alcazar Energy Partners II«

The European Bank for Reconstruction and Development (EBRD) is investing $80 million as equity commitment in the »Alcazar Energy Partners II« (AEP II) fund. This fund, launched at the beginning of the year, aims to finance solar and wind power plants in North Africa, the Levant, Central Asia, the Caucasus, the Balkans and Turkey with a total volume of $500 million, according to EBRD.
Alcazar Energy, an investment company based in Dubai, United Arab Emirates, states that its first fund (AEP I), launched in 2014, has financed five solar and two wind power projects with a total capacity of 411 MW in Jordan and Egypt. In 2021, the fund was acquired by a consortium of Chinese investors led by China Three Gorges South Asia Investment Ltd.
© PHOTON

Related News