Company from Dubai buying wind farm project in Serbia – Investments in RES projects in Serbia of up to USD 600 million planned

The UAE-based company Alcazar Energy Partners has announced the purchase of the project of the wind farm Celzijus 1 in Serbia from the Austrian company RP Global. In addition to that, Alcazar plans to invest up to EUR 600 million in renewable energy source (RES) projects in Serbia.

The construction of the wind farm Celzijus 1 is planned in Banatsko Novo Selo, and it would have a power of 200 megawatts. Alcazar intends to also build other RES projects (solar power plants and wind farms) in Serbia with a total power of 768 megawatts. Alcazar says on its website that 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 USD 600 million in renewable energy assets in Serbia and becoming the largest renewable energy platform in the region, with a total target of USD 1.2 billion in assets. Once fully operational, these projects are expected to generate over 1,700 GWh of clean energy annually, supporting Europe’s transition to a greener, more sustainable energy future – the company says in its press release.

The wind farm Celzijus 1 is a project of the Austrian company RP Global, which, as Alcazar’s partner, remains part of the project. The value of this wind farm is around USD 300 million.

Once operational, Project Celzijus 1 will produce enough clean energy to power more than 31,000 households annually, while preventing the release of approximately 426,000 tons of CO2e per year. The project is also expected to create more than 800 jobs during the construction phase, contributing to the local economy.

Alcazar Energy Partners

RP Global

wind farm Celzijus 1