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 substantial €29.3 million loan from Kommunalkredit Austria AG aimed at financing the construction of solar power plants in Romania. This funding is specifically designated for a new project located in Dolj County that will have a total capacity of 71 megawatts (MW).
This latest loan marks the second financial agreement that the INVL fund has made with Kommunalkredit, following a previous loan of €25 million granted in November 2023. The development of the 71-MW solar power project signifies another step in the fund’s strategic initiatives within Romania’s renewable energy landscape, which is becoming increasingly prominent.
Construction of the new solar facilities is anticipated to be completed by the end of September 2026. This project is the third large-scale solar initiative undertaken by the INVL Renewable Energy Fund I in Romania, showcasing the fund’s commitment to advancing solar energy solutions in the region. Overall, the fund is developing a total portfolio of 389 MW across both Romania and Poland, with a significant 356 MW dedicated to projects in Romania alone.
The undertaking of solar projects in both Romania and Poland is expected to surpass a total investment of €250 million. As of mid-2025, the fund has already committed over €90 million towards project acquisition and construction efforts aimed at bolstering renewable energy capacity. All solar parks currently under development are on track to reach completion by the end of 2027.
The INVL Renewable Energy Fund I has strategically chosen to focus its efforts in Poland and Romania, as these markets demonstrate immense growth potential in the renewable energy sector. The decision to target solar energy projects aligns with broader European objectives for sustainable development and diversification of energy sources.
In an effort to support further expansion, the INVL Renewable Energy Fund I is also in the process of raising up to €15 million through bonds that will be offered to both private and institutional investors in the Baltic countries from July 28 to August 15, 2025. This initiative aims to enhance the fund’s financial capacity to invest in renewable projects across the region.
In securing this financing from Kommunalkredit Austria, the fund collaborated with financial advisory firm Capcora alongside Romanian law firm Glodeanu & Partners. Their assistance was crucial to establishing this financial partnership that supports solar energy projects in Romania.
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