The first 131.25 MW phase of the Stip wind project in North Macedonia has moved toward construction after securing financing and selecting Envision Energy as turbine supplier.
Developer Alcazar Energy Partners has reached financial close with financing from the EBRD, IFC, Erste Group and Sparkasse Bank Skopje.
Electricity from the project will be sold through a long-term private power supply agreement with an investment-grade international corporate buyer, providing contracted revenues without relying on a traditional state-backed support mechanism.
Envision will supply 21 EN182 turbines, each rated at 6.25 MW, with hub heights of 120 metres.
The project is planned in three stages and could ultimately reach 396 MW.
The current financing and turbine order cover only the first stage, but completion of the full development would represent a major increase in North Macedonia’s wind generation fleet.
The combination of international project financing, a corporate electricity offtake agreement and large Chinese turbines also gives Stip significance as a potential template for privately financed renewable developments elsewhere in Southeast Europe.
