News Summary
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.
INVL Renewable Energy Fund Secures €29.3 Million Loan for Solar Projects in Romania
INVL Renewable Energy Fund I has successfully secured a loan of €29.3 million from Kommunalkredit Austria AG to support the development of solar power plants in Romania. This financing will enable the construction of solar facilities with a collective capacity of 71 megawatts (MW), marking a significant step forward in the fund’s renewable energy ambitions.
This new loan follows a previous arrangement in November 2023, where Kommunalkredit granted the fund €25 million. The escalation in financial backing highlights the growing confidence in the potential of solar energy projects in the region. The latest project is located in Dolj County, which is becoming a pivotal area for solar energy development in Romania.
Construction Timeline and Capacity Expansion
The construction of these new solar power facilities is set to commence soon, with an anticipated completion date by the end of September 2026. With a total capacity of 71 MW, this project becomes the fund’s third large-scale solar initiative in Romania, contributing to the expanding portfolio of renewable energy projects in the country.
The INVL Renewable Energy Fund I is strategically focused on tapping into the significant growth potential in Poland and Romania, two countries witnessing a surge in renewable energy investments. Currently, the fund holds a development portfolio of 389 MW, with 356 MW situated in Romania and over 32 MW in Poland. This strong emphasis on solar energy elucidates the fund’s overall strategy of promoting sustainable energy solutions in Eastern Europe.
Investment Overview and Future Prospects
Total investments in solar initiatives across Romania and Poland are forecasted to exceed €250 million. As of June 2025, the fund has already invested over €90 million in the acquisition and construction of various solar projects, highlighting its commitment to transforming the energy landscape in these countries.
All solar parks that are currently under development are expected to be operational by the end of 2027, further enhancing the renewable energy capabilities of the region. The long-term vision of the INVL Renewable Energy Fund extends beyond just construction, as the fund is also looking to raise up to €15 million through bonds aimed at private and institutional investors situated in the Baltic countries. This fundraising initiative is scheduled to take place from July 28 to August 15, 2025.
Collaboration and Support from Financial Experts
The fund has received assistance from financial advisory firm Capcora and Romanian law firm Glodeanu & Partners in successfully securing this substantial loan from Kommunalkredit Austria. The collaboration between these entities indicates a robust network focused on elevating renewable energy projects in Romania.
Importance of Renewable Energy Development
In conclusion, the recent financing secured by INVL Renewable Energy Fund I represents a major advancement for solar energy production in Romania. This investment not only strengthens the financial position of the fund but also contributes significantly to the collective commitment toward sustainable energy solutions in Eastern Europe, reinforcing the fundamental role of solar power in the future energy mix.
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Additional Resources
- Energy Global: INVL Renewable Energy Fund Secures Financing
- Review Energy: Romania Must Prepare Its Grid
- SeeNews: INVL Secures Funding for PV Project
- Renewables Now: INVL Fund Lends €29M for Solar Project
- Encyclopedia Britannica: Renewable Energy
- Google Search: Solar Energy News
