ŠTIP, North Macedonia, Sept. 23, 2026 /PRNewswire/ -- Envision Energy, a global leader in green technology, is advancing wind development in Southeastern Europe as the 131.25 MW first phase of the Štip Wind Farm in North Macedonia reaches financial close. Developed by Alcazar Energy Partners (AEP), a leading independent infrastructure fund manager, Štip is the country's largest wind energy project to date, The milestone further strengthens Envision's presence in the European wind market, reinforcing the bankability of its technology and its growing role in shaping the region's next phase of renewable energy development.
Planned across three phases with a total capacity of up to 396 MW, Štip is expected to more than quadruple North Macedonia's installed wind capacity once fully developed, making it a key contributor to the country's energy transition and supporting the shift from coal-fired generation toward a more resilient and sustainable energy system.
Drawing on its globally proven large-scale onshore wind technology and extensive deployment experience, Envision Energy is supplying 21 EN182-6.25 MW wind turbines for the project. Featuring a 120-metre hub height, the EN182 ranks among the largest onshore wind turbines deployed in Europe, supporting higher energy yield and improving the project efficiency.
The project is backed by a long-term offtake agreement with an investment-grade international corporation and will operate entirely on a private offtake basis. This commercially driven structure sets an important benchmark for renewable energy investment in Southeastern Europe, demonstrating how advanced technology and robust commercial frameworks can unlock utility-scale clean energy deployment.
With financial close now achieved, Envision's wind technology has been accepted as bankable by the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the private sector arm of the World Bank Group, and Erste Group Bank AG (Erste), Austria's largest banking group. The participation of the leading international financial institutions further reinforces the international bankability of Envision's technology and strengthens its position as a trusted technology partner for large-scale renewable energy investment across Europe.
"Štip marks an important milestone for Envision in Europe, bringing together proven wind technology, commercial scale and long-term system value in one of the region's most significant renewable energy developments," said Kane Xu, Senior Vice President and President of International Product Line at Envision Energy, "Beyond adding new capacity, the project shows how advanced wind can strengthen energy resilience, improve system competitiveness and support broader economic transformation. Through projects like Štip, Envision is helping shape the Future Energy System in the region, with renewable energy at the foundation of a more resilient and competitive energy economy."
"Štip Wind Farm reflects our long-term commitment to North Macedonia and our confidence in the country's renewable energy potential. As the project moves into construction, we are proud to be turning this shared ambition into clean, affordable electricity, new jobs and lasting economic value for local communities. Štip will also demonstrate what can be achieved through strong partnerships, setting an important benchmark for renewable energy development across the wider region." said Daniel Lancha, Partner, Alcazar Energy Partners
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/envision-energy-advances-southeastern-europes-wind-market-as-north-macedonias-largest-wind-project-reaches-financial-close-302887442.html
