Alcazar Energy Partners (AEP), an independent infrastructure fund manager focused on the development, financing, construction and operation of utility-scale, renewable-energy projects in growth markets, has signed a development support agreement with the International Finance Corp. (IFC), a member of the World Bank Group.
The agreement provides AEP access to development assistance funding for Phase I of the Štip wind farm, the largest wind power project in North Macedonia, reinforcing both parties’ commitment to mobilizing private capital for sustainable infrastructure in strategic growth markets.
Phase I of the Štip Wind Farm project will begin construction later this year. The total installed capacity will be approximately 400 megawatts after all phases are complete.
The project, which will provide clean, reliable power to more than 100,000 households and will mitigate up to 690,000 equivalent tons of carbon dioxide emissions each year, marks a significant
