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 Secures EUR 29.3 Million Loan for Solar Power Development in Romania
The INVL Renewable Energy Fund I has successfully secured a substantial loan amounting to EUR 29.3 million. This agreement was reached with Kommunalkredit Austria AG, aimed specifically at advancing solar power development in Romania. These financial resources will be directed towards the construction of solar power plants with a total capacity of 71 megawatts (MW).
This recent loan marks the second financial backing from Kommunalkredit to the INVL Renewable Energy Fund. The first loan, which was granted in November 2023, totaled EUR 25 million and targeted similar renewable energy projects within Romania. The continued partnership underscores the bank’s commitment to fostering renewable energy initiatives in the region, recognising their pivotal role in achieving long-term sustainability goals.
Project Details in Dolj County
The new solar project will be located in Dolj County and stands as the fund’s third significant solar development in Romania. The construction of the solar facilities is set to commence soon, with an expected completion deadline by the end of September 2026.
Plans for future growth are already in motion. The INVL Renewable Energy Fund I is actively seeking opportunities in both the Polish and Romanian markets, with ambitions to develop projects collectively reaching 389 MW. This includes a notable plan in Romania to establish eight solar plants that will generate a total of 356 MW of electricity. In Poland, the fund plans to introduce solar projects exceeding 32 MW in capacity. Overall, investments in both countries are projected to surpass EUR 250 million.
Status of Investments
As of June 2025, the fund has reported investments exceeding EUR 90 million toward project acquisition and construction within Romania. All planned solar parks are anticipated to be operational by the conclusion of 2027, marking significant progress in the region’s renewable energy landscape.
Funding Expansion through Bond Offering
In addition to current investments, the INVL Renewable Energy Fund I is preparing to raise up to EUR 15 million through a bond offering. This offering is set to be available for a limited period, from July 28 to August 15, 2025, and will cater to both public and institutional investors across the Baltic countries.
Support and Management
The fund has received assistance from renowned financial and legal firms during its financing efforts. The German financial advisory firm Capcora and the Romanian law firm Glodeanu & Partners have played crucial roles in facilitating the acquisition of financing from Kommunalkredit.
Established on July 20, 2021, the INVL Renewable Energy Fund I is aimed at informed investors who focus on renewable energy projects, particularly in the solar sector. Managed by INVL Asset Management, a recognized leader in alternative asset management within the Baltic States, the fund continues to make strides toward enhancing the renewable energy market in Romania and beyond.
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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
