FMO considers investment in energy fund
The Dutch entrepreneurial development bank FMO is proposing a $25 million investment in the Alcazar Energy Partners II Fund (AEP II). AEP II is a private equity fund targeting renewable energy generating projects and associated infrastructure in the Middle East, North-Africa (MENA region) and Eastern-Europe and Central-Asia (ECA region).
The fund is managed by Alcazar Energy and is expected to reach first close in 2022. In addition to FMO, it is expected that commercial investors and other development finance institutions will also invest in the fund.
AEP II is the second investment vehicle of the fund manager Alcazar Energy after the successful realisation of its first renewable energy vehicle AEP I.
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