Alcazar Energy Partners has signed an agreement with RP Global towards securing the rights for the development, construction, and operation of a 200MW onshore wind power project, located east of Belgrade, Serbia.
Project Celzijus 1, which represents a capital investment of approximately US$300m, will become one of the largest wind farms in the Western Balkans.
The deal also includes a 768MW pipeline of wind and solar projects in Serbia.
The acquisition is expected to close by the end of this year.
This transaction will mark a significant milestone for Alcazar Energy Partners as it advances towards its goal of building US$600m in renewable energy sites in Serbia and becoming the largest renewable energy platform in the region, with a total target of $1.2bn in assets.
Once fully operational, the projects are expected to generate over 1700GWh of clean energy annually, supporting Europe’s transition to a greener, more sustainable energy future.
Alcazar Energy Partners co-founder and managing partner Daniel Calderon said: “We extend our deepest gratitude to the leadership teams at both RP Global and Alcazar Energy Partners for their dedication and vision in bringing this agreement to fruition.
“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 Maćić and the RP Global Serbia team as we work to bring these critical projects to life, contributing to the region’s renewable energy transformation.”
RP Global chief executive Gerhard Matzinger added: “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.”