North Macedonia's government has announced a landmark $500 million project in partnership with renewables investor Alcazar Energy Partners to construct the country's largest wind farm.
Prime Minister Hristijan Mickoski hailed the initiative, emphasising its role in enhancing energy independence and attracting foreign investment.
"This project marks the largest investment in renewable energy sources that we have ever undertaken," Mickoski stated.
The wind farm, set to be situated in the southeastern region of the country, is poised to become one of the largest in the Western Balkans, capable of generating up to 400 megawatts of renewable energy. Construction is scheduled to commence in early 2026, with the farm expected to power over 100,000 households annually and mitigate the release of more than 670,000 tons of carbon dioxide each year.
The project will feature 55 wind turbines, projected to contribute approximately 20% of North Macedonia's total electricity output. Alcazar Energy Partners highlighted the strategic grid connections with Greece, Bulgaria, Serbia, and Kosovo, aiming to alleviate energy shortages and facilitate the transition to renewable energy across the Western Balkans.
Daniel Calderon, Managing Partner of Alcazar Energy, expressed optimism about North Macedonia as a favourable investment destination for renewable energy ventures. The company, based in Luxembourg with an advisory team in Dubai, specialises in renewable energy projects in emerging markets.
Read more: Wind Energy in Greece
(Source: AP)
