Travers Smith LLP has advised Alcazar Energy Partners II SLP (SCSp) ("AEP-II"), Alcazar Energy's renewable energy fund, on its successful final closing of US$490m

AEP-II, a sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets has accepted US$490m of commitments at its final closing, attracting capital from investors in North America, Europe, the Middle East and Asia. Since its first closing in November 2022, AEP-II has admitted eight additional investors including the U.S International Development Finance Corporation (DFC). AEP-II will develop over 1.6GW of clean energy and mobilise c.a. US $2bn of foreign direct investment, including project finance, in emerging markets.

The Travers Smith team was led by Funds Partner Jeremy Elmore and included Funds Associates Will Fabbro, Jonathan Trent and James Forge.

Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy said: “We are grateful to the Travers Smith team, led by Jeremy Elmore, for their invaluable advice; their professionalism and client focus has been instrumental in the success of our fundraising effort. The pragmatic and commercial approach of the team has been key in bringing together a diverse group of 16 private and public institutions.”