Alcazar Energy Partners II, a sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets, has achieved a first close of $336.6 million.
It will enable the development of more than 2 gigawatts of clean-energy infrastructure across selected emerging markets, aiming to power the equivalent of more than 1 million households and saving about 3.2 million tonnes of greenhouse-gas emissions.
AEP-II’s investors include the European Bank for Reconstruction and Development (EBRD); the European Investment Bank (EIB); EMCAF, a fund managed by AllianzGI and advised by EIB; the International Finance Corporation (IFC), a member of the World Bank Group; the Asian Infrastructure Investment Bank (AIIB); the German Development Institution (DEG), a member of KfW Group; the French Financial Development Institution (Proparco); and the Dutch Entrepreneurial Development Bank (FMO).
