INVL Renewable Energy Fund I has secured a €29.3 million loan from Kommunalkredit Austria AG to fund the construction of a 71 MW solar power plant in Romania.

Target Information

INVL Renewable Energy Fund I, managed by INVL Asset Management, has secured a loan agreement of €29.3 million with Kommunalkredit Austria AG to finance the construction of a 71 megawatt (MW) solar power plant in Romania. This project highlights the fund's commitment to expanding renewable energy initiatives within the region. The managing partner of INVL Renewable Energy Fund I, Liudas Liutkevičius, emphasized the importance of Kommunalkredit’s ongoing support, noting that long-term backing is crucial for accelerating the transition to green energy in Romania.

This is the second loan provided by Kommunalkredit, which specializes in financing infrastructure projects across Europe. The bank previously granted a €25 million loan to the fund for solar power plant construction in November 2023, further solidifying their partnership.

Industry Overview in Romania

Romania's renewable energy sector is experiencing significant growth, driven by increasing governmental support and EU policies favoring green technologies. The country has made ambitious commitments to r