UAE In Focus — Alcazar Energy Partners raises $337m to fund growth 

DUBAI: Dubai-based wind and solar developer Alcazar Energy Partners has raised 1.2 billion dirhams ($337 million) in new funding from investors including the International Finance Corporation, the World Bank’s private-sector lending arm,

The amount, which has a final target size of $500 million and a hard cap of $650 million, was raised for a Luxembourg-based fund named Alcazar Energy Partners II the company said.

Alcazar said eight investors participated in the funding including the European Investment Bank and the European Bank for Reconstruction and Development.