Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable projects in Serbia.

The deal includes the development, construction and operation of Project Celzijus 1, a 200MW onshore wind power project and a pipeline of 768MW of wind and solar projects.

The Project Celzijus 1 wind farm, located in the Western Balkans, will cost approximately $300m and create 800 jobs during the construction phase.

It will generate sufficient clean energy to power more than 31,000 households annually and prevent the release of 426,000t of CO?e [carbon dioxide equivalents] each year.

The acquisition, to be finalised by the end of 2024, is part of Alcazar Energy Partners’ aim to build a $600m renewable energy asset base in Serbia.

Alcazar Energy Partners co-founder and managing partner Daniel Calderon stated: “Serbia is an important market for the energy needs of not only the Western Balkans, but Central Europe too, and this project will provide valuable jobs and skills for the surrounding region.

“We are excited to work with Maja Ma?i? and the RP Global Serbia team as we work to bring these critical projects to life, contributing to the region’s renewable energy transformation.”

The acquired projects will generate more than1,700 gigawatt hours (GWh) of clean energy annually when fully operational, contributing to Europe’s transition to a more sustainable energy future.

RP Global CEO Gerhard Matzinger stated: “By joining forces with Alcazar Energy Partners, we will ensure that Project Celzijus 1 reaches completion with the same rigour and efficiency that we bring to all our developments.

“This agreement allows us to continue expanding our core projects while delivering clean energy to thousands of households. We are excited about what this partnership will achieve and look forward to working closely with Alcazar Energy Partner’s leadership and team to make it a success.”

In June 2024, Alcazar announced the acquisition of rights to the 400MW Shtip wind farm in North Macedonia for $500m.