INVL Renewable Energy Fund Secures Loan for Solar Development in Romania

News Summary

The INVL Renewable Energy Fund I has secured a EUR 29.3 million loan from Kommunalkredit Austria AG to develop solar power plants in Romania. This funding will support the construction of solar facilities with a total capacity of 71 MW, marking the fund’s continued efforts to expand renewable energy in Eastern Europe. The project is part of a larger plan to build multiple solar plants across Romania and Poland, aiming for a total capacity of 389 MW. The first projects are set for completion by the end of 2027.

INVL Renewable Energy Fund Lands EUR 29.3 Million Loan for Solar Development in Romania

The INVL Renewable Energy Fund I has successfully secured a EUR 29.3 million loan in a recent agreement with Kommunalkredit Austria AG to finance the development of solar power plants in Romania. This funding will be utilized to construct solar facilities with a total capacity of 71 megawatts (MW).

Managing Partner of the fund, Liudas Liutkevičius, highlighted the essential support provided by Kommunalkredit in furthering renewable energy projects within Romania. This loan marks the second financial commitment from Kommunalkredit to the fund, following a previous EUR 25 million loan agreement finalized in November 2023 for similar solar initiatives.

Representatives from Kommunalkredit underscored the significance of enhancing solar energy infrastructure, noting its crucial role in promoting sustainable growth in rapidly developing markets. The new 71-MW solar project is situated in Dolj County and represents the fund’s third major solar development effort in Romania.

Plans for the construction of these solar facilities are set with a completion target of September 2026. The INVL Renewable Energy Fund I is primarily focused on expanding its influence in both the Polish and Romanian energy sectors, aiming to develop projects totaling 389 MW across both countries.

In total, the fund has ambitions to build eight solar plants in Romania, contributing a combined capacity of 356 MW to the renewable energy landscape. Meanwhile, in Poland, further developments are already in place for solar projects exceeding 32 MW of capacity.

The entire investment portfolio in both Romania and Poland is projected to surpass EUR 250 million. As of June 2025, the fund has allocated more than EUR 90 million towards various projects aimed at acquisition and construction within the renewable sector.

All planned solar parks are set for completion by the end of 2027, underpinning the fund’s commitment to sustainable energy production. Additionally, the INVL Renewable Energy Fund I is preparing to raise up to EUR 15 million through a bond offering scheduled from July 28 to August 15, 2025. This bond issuance will cater to both public and institutional investors throughout the Baltic countries.

Financing support for the fund was provided with assistance from the German financial advisory firm Capcora and the Romanian law firm Glodeanu & Partners, marking a collaborative effort in securing necessary funding for the burgeoning renewable energy sector.

Established on July 20, 2021, the INVL Renewable Energy Fund I serves as a sub-fund aimed at informed investors with a keen interest in renewable projects, with a particular focus on solar power. INVL Asset Management is recognized as the leading alternative asset manager in the Baltic States, paving the way for innovative approaches to renewable energy development.

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Additional Resources

• GlobeNewswire: INVL Renewable Energy Fund
• Wikipedia: Renewable Energy
• Renewables Now: INVL Fund Loan
• Google Search: ROMANIA SOLAR PROJECTS
• PV Magazine: MW of Solar in Romania
• Encyclopedia Britannica: Solar Energy
• Energy Leader: Romania Expands Renewable Energy
• Google Scholar: Solar Energy in Romania
• Balkan Green Energy News: Europe’s Biggest Solar Power Plant
• Google News: Romania Solar Project