Solar energy facilities funded by the INVL Renewable Energy Fund in Romania.
The INVL Renewable Energy Fund I has secured a €29.3 million loan from Kommunalkredit Austria AG to finance solar power plants in Romania. This loan will support the construction of solar facilities with a combined capacity of 71 megawatts in Dolj County. The fund aims to expand its renewable energy initiatives and has already invested over €90 million in various energy projects. Additionally, INVL plans to raise further funding through bonds, emphasizing its commitment to sustainable energy infrastructure in the region.
The INVL Renewable Energy Fund I has successfully secured a loan agreement worth €29.3 million from Kommunalkredit Austria AG to finance the construction of solar power plants in Romania. This significant financial support will further the fund’s commitment to developing renewable energy sources in the region, marking the second loan received from Kommunalkredit, building on a previous loan of €25 million granted in November 2023.
The latest loan will specifically fund the construction of solar energy facilities that will have a combined capacity of 71 megawatts (MW). These projects are located in Dolj County, Romania, and represent the fund’s third large-scale solar initiative in the country. The construction of these solar plants is targeted for completion by the end of September 2026, contributing significantly to the renewable energy landscape of Romania.
The INVL Renewable Energy Fund I concentrates its efforts in Poland and Romania, recognizing the potential for growth in these markets. Currently, the fund is developing a total capacity of 389 MW across both countries, with 356 MW allocated to Romania and over 32 MW to Poland. The fund’s investment strategy is set to exceed €250 million for solar projects in these territories, showcasing a robust commitment to clean energy initiatives.
As of June 2025, the INVL Renewable Energy Fund has invested more than €90 million in both project acquisition and construction. All solar parks that are currently under development are expected to be concluded by the end of 2027, which illustrates a strategic push towards establishing a sustainable energy infrastructure within the region.
To further bolster its financial backing, the INVL Renewable Energy Fund I is planning to raise up to €15 million through bonds targeted at both private and institutional investors in the Baltic states. This fundraising initiative is scheduled to take place from July 28 to August 15, 2025, reflecting the fund’s ongoing efforts to secure additional funding for future renewable energy projects.
In securing this financing, the INVL Renewable Energy Fund I sought assistance from financial advisory firm Capcora and Romanian law firm Glodeanu & Partners. These partnerships have played a key role in facilitating financing arrangements and enhancing the strategic development of renewable energy assets in Romania.
The advancements in solar energy infrastructure are deemed crucial for sustainable development across Europe. With a growing awareness of climate change and the urgent need for clean energy solutions, projects like those undertaken by the INVL Renewable Energy Fund I are essential. They not only help in reducing dependency on fossil fuels but also contribute positively to the economy by creating jobs and fostering innovation in the renewable sector.
News Summary Freehaven Materials has joined forces with CDE Group to revolutionize construction waste processing…
News Summary The construction industry is poised for significant growth due to increased infrastructure investments…
News Summary The AU 2025: The Design and Make Conference is set in Nashville, concentrating…
News Summary University Place Asset Management and Axonic Capital have secured $97.5 million in financing…
News Summary First National Bank Alaska is experiencing a decline in its share prices as…
News Summary Kennedy-Wilson has strategically allocated $1.7 billion, focusing predominantly on rental housing and debt…