North Macedonia Focuses on Wind Power with Alcazar Energy Project
North Macedonia is making a significant stride in its renewable energy transition, with a major wind power project by Alcazar Energy Partners gaining serious momentum. The Å tip wind farm, a landmark initiative for the nation, is now under consideration for substantial long-term financing from the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), signaling strong international confidence in the country’s green energy future.
A Landmark Project for North Macedonia wind power
The Å tip wind farm is poised to be one of the largest in the Balkans. The full project is designed for a total capacity of around 396 MW, developed across three distinct phases:
- Phase 1: 132 MW, featuring 21 turbines.
- Phase 2: 136 MW, developed by Karb Wind.
- Phase 3: 128 MW, developed by Rado Wind.
Located across 335 hectares of hilly, state-owned land in eastern North Macedonia, the project spans the municipalities of Štip, Radoviš, and partially Karbinci. Groundbreaking occurred last summer, and the project also includes significant supporting infrastructure, such as a new substation, 80 km of buried cables, a 7 km overhead power line, and 68 km of access roads.
Securing Financial Momentum for North Macedonia wind power
The potential involvement of the EBRD and IFC is a critical milestone for the project. Both financial institutions have expressed their willingness to support the 132 MW first phase. According to reports from Balkan Green Energy News, the IFC may mobilize up to €50 million for this initial stage.
The developer, Alcazar Energy Partners, is financing the project through its AEP-II fund, which has attracted a diverse group of investors from North America, Europe, the Middle East, and Asia. This broad financial backing underscores the project’s viability and its importance on an international scale.
Timeline and Energy Impact of North Macedonia wind power
With financing for the first phase moving forward, the construction timeline is becoming clearer. The first phase is anticipated to be commissioned in early 2028, with the entire 396 MW facility expected to be fully operational by 2029.
The impact on North Macedonia’s energy grid will be substantial. The first phase alone is projected to generate a net output of 321 GWh annually. Once completed, the entire wind farm is expected to produce over 860 GWh of clean electricity per year, marking a major contribution to the country’s decarbonization goals and energy independence. The Å tip project is a clear indicator of North Macedonia’s commitment to harnessing its renewable resources and building a sustainable energy future.
