The INVL Renewable Energy Fund is developing solar facilities in Romania.
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.
The INVL Renewable Energy Fund I has successfully secured a loan of EUR 29.3 million from Kommunalkredit Austria AG to support the construction of solar power plants in Romania. This funding is part of a significant effort to boost renewable energy capacity in the region, particularly aimed at supporting climate-friendly projects.
The loan will be utilized to develop solar facilities with a total capacity of 71 megawatts (MW), located in Dolj County. This investment marks the fund’s third large-scale solar initiative in Romania, reinforcing its commitment to harness cleaner energy sources. The construction of these solar plants is expected to be completed by the end of September 2026.
This agreement is the second loan extended by Kommunalkredit to the INVL Renewable Energy Fund. The first loan of EUR 25 million was granted in November 2023 for similar renewable energy projects within Romania. This ongoing partnership illustrates Kommunalkredit’s dedication to fostering sustainable energy infrastructure in fast-growing markets.
Looking ahead, the INVL Renewable Energy Fund has ambitious plans to expand its footprint in both the Polish and Romanian markets. The overall development strategy includes projects totaling 389 MW across both countries. In Romania alone, the fund has set its sights on developing eight solar plants with a combined capacity of 356 MW. In Poland, the plan includes over 32 MW of solar projects.
Total investments in Romania and Poland are anticipated to exceed EUR 250 million, demonstrating a robust commitment to renewable energy sources. As of June 2025, the fund has already funneled more than EUR 90 million into project acquisition and construction, emphasizing its dedication to advancing solar energy initiatives. All designated solar parks are expected to be completed by the end of 2027.
The INVL Renewable Energy Fund I is also gearing up to raise an additional EUR 15 million through a bond offering, set to run from July 28 to August 15, 2025. This bond issuance will be open to both public and institutional investors in the Baltic markets, showcasing the fund’s strategy to secure further financial resources for expansive projects.
To facilitate this financing and ensure the successful launch of projects, the fund has partnered with the services of Capcora, a German financial advisory firm, alongside Glodeanu & Partners, a Romanian law firm. Their expertise has been invaluable in navigating the complexities of financing options available for renewable energy advancements.
Established on July 20, 2021, as a sub-fund geared towards informed investors, the INVL Renewable Energy Fund I focuses specifically on renewable energy projects, particularly in the solar power sector. Managed by INVL Asset Management, a leading alternative asset manager in the Baltic States, the fund plays a crucial role in advancing the adoption of sustainable energy solutions.
The growing commitment to renewable energy resources not only signals a shift in energy policies but also underscores the increasing demand for sustainable development and infrastructure improvement in emerging markets like Romania.
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