Alcazar Energy Partners (AEP) has inked a development support agreement with the International Finance Corporation (IFC) to advance the development of the Štip wind farm in North Macedonia. Under this agreement, AEP will get access to development assistance funding for Phase I of the Štip wind farm. Phase I of the project is expected to commence construction later in 2025.
Furthermore, once all phases of the wind farm are complete, it will have a total installed capacity of approximately 400 MW. The total investment in the project is expected to be €500 million. It will also provide clean, reliable power to over 100,000 households in North Macedonia.
AEP is an independent infrastructure fund manager focused on investing in and developing utility-scale renewable energy assets in growth markets. It has a cumulative renewable energy portfolio of over 4 GW. IFC is a member of the World Bank Group and a global development institution focused on the private sector in emerging markets. It works in over 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries.
