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 secured a significant loan of EUR 29.3 million to support the development of solar power facilities in Romania. This funding comes from Kommunalkredit Austria AG and is earmarked for the construction of solar power plants with a total capacity of 71 megawatts (MW).
Located in Dolj County, this solar project represents the fund’s third large-scale solar initiative in Romania. With construction expected to wrap up by the end of September 2026, this project is part of a larger strategy aimed at expanding renewable energy infrastructures in the region.
The loan agreement marks the second time that Kommunalkredit has extended financial support to the INVL fund. Previously, in November 2023, the Austrian bank provided a EUR 25 million loan for similar renewable energy projects in Romania, showcasing a consistent commitment to sustainable development in the area.
As the fund’s Managing Partner noted, the ongoing partnership with Kommunalkredit underscores the growing interest and investment in renewable energy projects that promise environmental sustainability and economic growth. Emphasizing the importance of solar energy infrastructure in emerging markets, Kommunalkredit points to the crucial role this development plays in steering communities towards sustainable solutions.
Currently, the INVL Renewable Energy Fund is actively focusing on expanding its footprint in both the Polish and Romanian markets. Plans are in place for an ambitious development pipeline that aims to achieve a total capacity of 389 MW. In Romania alone, the fund has outlined a strategy to establish a total of eight solar plants with a combined capacity of 356 MW. On the other hand, the developments in Poland are set to contribute over 32 MW of solar capacity.
Investment in these projects is expected to surpass EUR 250 million across Romania and Poland, which aligns with the fund’s broader objectives to transition towards clean energy sources. Since June 2025, the fund has already invested more than EUR 90 million towards project acquisition and construction, indicating a robust commitment to fostering renewable energy in these regions.
All planned solar parks by the INVL Renewable Energy Fund are set to reach completion by the end of 2027, further solidifying the fund’s role in expanding the renewable energy landscape.
In a bid to boost its financial resources, the INVL Renewable Energy Fund I is also planning to raise up to EUR 15 million through a bond offering. This issuance will be available to both public and institutional investors across the Baltic countries and will run from July 28 to August 15, 2025.
The fund is being supported by professionals in the financial and legal domains, as evidenced by the assistance of the German firm Capcora and the Romanian firm Glodeanu & Partners in securing this crucial financing from Kommunalkredit.
Established on July 20, 2021, the INVL Renewable Energy Fund I is positioned as an informed investor sub-fund with a primary focus on sustainable energy projects, particularly in solar power initiatives. INVL Asset Management stands out as a recognized leader among alternative asset managers in the Baltic States, further enhancing the fund’s credibility and prospects in the renewable energy sector.
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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
Author: Construction NY News
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