A large renewable energy project in eastern North Macedonia could receive financial backing from the European Bank for Reconstruction and Development (EBRD). The international lender is currently assessing a proposal to provide a long-term senior loan to support the development of a 131 MW wind facility.
The project would be implemented by STP Wind, a special purpose company established by Alcazar Energy Partners, a renewable energy investor headquartered in the United Arab Emirates.
According to documentation released by the EBRD, the financing would be structured as a non-recourse loan and would fund the initial stage of the Stip wind complex. The full project is designed as a multi-phase development, expected to reach an overall capacity of approximately 400 MW once completed. Construction of the wind farm is planned across several municipalities in the eastern part of the country, including Stip, Radovis, and Karbinci. When fully built, the facility will consist of as many as 54 turbines, each with a capacity ranging between 6 MW and 8 MW. The project also includes supporting infrastructure such as substations, internal access roads, and a transmission line connecting the site to the national electricity network.
Alcazar Energy Partners began work on the development in July 2025. The company previously estimated that the entire complex will require an investment of around 430 million euros and could become the largest wind power installation in the Western Balkans.
The initial 131 MW phase is expected to contribute new renewable generation capacity as North Macedonia gradually shifts away from coal-fired electricity and expands the role of clean energy in its electricity system. The EBRD’s board is scheduled to review the proposed financing on 29 April, although the potential loan amount has not been publicly disclosed.
