Alcazar Energy Partners
Alcazar Energy Partners (Alcazar Energy) was established in 2014 as an independent developer and power producer focused on renewable energy generation across the Middle East, Turkey, and Africa region (META). Alcazar Energy’s role include origination, development, structuring, acquisition and operation of renewable energy projects, with a special emphasis on solar photovoltaic (PV) and onshore wind technologies.
Alcazar Energy is led by an experienced management team that has a strong track record in the financing and development of energy projects having closed in aggregate over 45 power transactions across 29 countries with combined power capacity in excess of 25GW (5GW in renewable energy).
Alcazar made its first investment in 2014 and currently has 376 MW of existing renewable energy assets that are currently being developed in Jordan, Egypt and Turkey together with a pipeline as of July 2017 totaling to 838 MW. Alcazar seeks to secure project revenues against long-term US Dollar-linked or pegged take-or-pay power purchase agreements or Feed-In-Tariff programs with government-owned entities. The first project, Ma'an PV plant in Jordan, started operations in July 2016.
In early 2016, MIP acquired circa. 20% of the shares of Alcazar Energy, entering into a partnership with Alcazar Renewable Energy II, Dash Ventures, International Finance Corporation (IFC) and AMC (IFC Asset Management Company).