EBRD commits to AEP II

European Bank for Reconstruction & Development has backed Alcazar Energy Partners II.

Institution: European Bank for Reconstruction & Development
Headquarters: London
AUM: €4.5 billion

European Bank for Reconstruction & Development (EBRD) has committed $80 million to Alcazar Energy Partners II (AEP II), according to a recent press release from Alcazar Energy.

AEP II, managed by Alcazar Energy, will invest in mid-market renewable energy projects across the world. The fund has reached a first close of $336.6 million with a target size of $500 million and will continue the strategy of its predecessor fund, Alcazar Energy Partners I.

Founded in 2014, Alcazar Energy is an independent fund management company focused on investing, financing and developing utility-scale renewable energy capacity in selected emerging markets.

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