The INVL Renewable Energy Fund I has secured a EUR 17.5 million HoldCo facility to finance the acquisition and construction of a 482 MW solar PV project portfolio in Romania and Poland.

Target Information

The INVL Renewable Energy Fund I, managed by INVL Asset Management, specializes in investments within the renewable energy sector, particularly focusing on solar and wind energy projects across Europe. This fund recently secured a HoldCo facility amounting to EUR 17.5 million from an international debt fund, aimed at supporting the acquisition and construction of a 482 MW portfolio of solar PV projects in both Romania and Poland.

Currently, the fund’s portfolio comprises 450 MWp of solar capacity in Romania and 32 MWp in Poland. The total projected expenditure for these solar initiatives is estimated to reach approximately EUR 250 million, with construction slated for completion by the end of 2025.

Industry Overview in Romania and Poland

The renewable energy sector in Romania has seen significant growth, driven by government initiatives aimed at reducing carbon emissions and enhancing energy security. As part of the European Union’s commitment to green energy,