Alcazar Closes €180M for North Macedonia's Largest Wind Farm Near Shtip
Phase one is 131.25 MW across 21 turbines, with full operation targeted by 2028 and no state price support.
Alcazar Energy Partners has reached financial close on phase one of the Shtip wind farm: €180 million total, including more than €115 million in senior debt from EBRD, IFC and Erste, plus a VAT line from Sparkasse Bank Skopje.
Phase one is 131.25 MW — 21 turbines at 6.25 MW each. Alcazar says full operation is due by 2028, enough power for more than 148,000 households a year. It is the first of three phases; the Shtip-Karbinci-Radovish cluster is pitched at up to 396 MW.
No State Feed-In, Company Says
The distinction that matters: Alcazar says it has a long-term offtake with an investment-grade international buyer and no government price support — if that holds, a first for private wind here. Co-founder Daniel Calderon praised the government for speed, an investor line rather than an independent audit. Still open: when power reaches the domestic grid and at what price for households — no public tariff sheet yet.
MKNews Hub · Economy · September 11, 2026