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 signed a significant loan agreement worth €29.3 million with Kommunalkredit Austria AG to fund the construction of multiple solar power plants in Romania. This marks a substantial investment in renewable energy, focusing on green energy solutions and sustainability in Eastern Europe.
The funds from this loan will specifically finance solar power projects with a total capacity of 71 megawatts (MW). These projects are located in Dolj County, which is known for its potential for solar energy development. With this initiative, the fund aims to contribute positively to the region’s energy landscape.
This latest loan is the second financial commitment from Kommunalkredit to the INVL fund, following a previous loan of €25 million issued in November 2023. The ongoing support emphasizes the confidence and investment strategy thatKommunalkredit has in the development of renewable energy in Romania.
Construction on the new solar facilities is anticipated to be completed by the end of September 2026. This project is notable as it is the INLV Renewable Energy Fund’s third large-scale solar energy venture in Romania, underlining the fund’s growing focus on this market.
Within the broader context, the total capacity of the fund’s renewable energy portfolio across both Romania and Poland stands at an impressive 389 MW with 356 MW designated for Romania and over 32 MW for Poland. As the fund continues to grow, the total investments projected in solar projects in these regions are expected to surpass €250 million.
As of June 2025, the fund has already allocated over €90 million towards project acquisitions and construction efforts. All solar parks currently under development in Romania and Poland are expected to be finalized by the end of 2027, aligning with the fund’s long-term vision for renewable energy expansion.
Looking ahead, the INVL Renewable Energy Fund I also plans to raise up to €15 million through bond offerings targeted at private and institutional investors in the Baltic countries. This fundraising effort is scheduled to take place from July 28 to August 15, 2025, as the fund seeks to leverage additional financial resources for its ongoing projects.
To facilitate the loan agreement with Kommunalkredit Austria, the fund received assistance from financial advisory firm Capcora and Romanian law firm Glodeanu & Partners. Their expertise in securing financing underscores the strategic and professional approach towards developing the renewable energy sector in Romania.
With rising attention on sustainable practices, the INVL Renewable Energy Fund’s initiatives not only benefit local economies but also contribute to broader efforts on sustainable development across Europe. The strategic focus on solar energy infrastructure highlights the crucial role renewable resources play in meeting energy demands and combating climate change.
As energy markets continue to evolve, the investment in solar projects illustrates a commitment to innovating energy solutions that align with global sustainability goals. The successful collaboration between INVL and Kommunalkredit is a foundational step towards fostering a more sustainable and energy-efficient future for Romania and the surrounding regions.
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