Alcazar Energy Partners (AEP) has achieved financial close for the 131.25 MW Štip wind farm in North Macedonia, securing approximately €115 million in senior debt financing from the European Bank for Reconstruction and Development, International Finance Corporation, and Erste Group Bank AG, as well as a separate local VAT facility by Sparkasse Bank AD Skopje. The project, representing an investment of €180 million, will comprise 21 wind turbines of 6.25 MW each, backed by a long-term offtake agreement with an unnamed investment-grade international corporation.
The Štip wind farm is the first of three planned phases within a renewable energy cluster spanning the municipalities of Štip, Radoviš and Karbinci, with a combined installed capacity of up to 396 MW. Once fully operational, the cluster is expected to generate enough clean electricity to power more than 148,000 households annually and mitigate approximately 573,000 tonnes of carbon emissions per year.
In November 2025, AEP signed an agreement with Siemens Gamesa Renewable Energy for the final development, construction and operation of the 500 MW NIAT wind project in Egypt. Upon completion of the transaction and required approvals, AEP will assume full ownership and operational responsibility for the project. Once operational, the project is expected to generate up to 2.5 TWh of clean electricity annually, power up to 280,000 households.