At first close, Alcazar’s second fund hits 67% of final goal

Image Credit: Pixabay

Alcazar Energy held the first close for its second renewable energy fund infrastructure last week, winning enough commitments to reach 67% of the capital needed to meet the fund’s final close goal. Alcazar Energy Partners II (or AEP II) now has $336.6 million in hand, raised primarily from several development finance institutions including Asian Infrastructure Investment Bank, DEG, European Bank for Reconstruction & Development, the European Investment Bank, FMO, the International Finance Corporation, and Proparco.

AEP II’s primary strategy is to back solar photovoltaic and onshore wind projects in the MENA Region as well as in Eastern Europe and Central Asia. The fund’s investment team will build a portfolio of assets across all stages of development, from pre-permitting early-stage deals to more advanced, post-permit stage deals, to investments in project construction and operation opportunities. Once completed, the assets within its portfolio are expected to have a generating capacity of 2GW, powering more than 1 million households and saving 3.2 million tonnes of greenhouse gas emissions.

To read this article, you must be a paid subscription member. (Current members login here)

\"\"

Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.