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Serbia’s 2025 budget allocates EUR 1 billion for green projects

Global, News

Serbia’s 2025 Budget Law introduces its first Green Budget annex, allocating EUR 1 billion to 64 projects aimed at environmental protection and energy efficiency.  The budget earmarks EUR 528.4 million for railway projects, including the Hungarian-Serbian railway and Belgrade’s urban subway system, designed to reduce CO2 emissions and enhance energy efficiency. In addition to transportation, the Green Budget focuses on renewable energy projects, including the development of sustainable waste and water management systems, flood protection,…

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Alcazar Energy acquires rights for 968MW of renewable projects in Serbia

Global, News

Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects. Project Celzijus 1, located in the Western Balkans, is set to cost $300 million and create 800 jobs during construction. The wind farm will generate clean energy to power over 31,000…

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Alcazar Energy signs MoU for 2 GW onshore wind farm in Egypt

Global, News

Alcazar Energy Partners has signed a memorandum of understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to develop a 2 GW onshore wind farm in Egypt. The project aligns with Egypt’s Vision 2030, focusing on renewable energy and environmental sustainability. The wind farm is expected to generate clean electricity for more than 1.3 million households while preventing the release of up to 4.7 million tonnes of…