INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County, Romania.
This loan represents the second financing line from the European infrastructure lender Kommunalkredit to the INVL fund, following a €25 million facility granted in November 2023 for earlier solar projects in Romania.
The 71 MW plant is the fund’s third major solar development in Romania, with construction expected to finish by the end of September 2026. INVL Renewable Energy Fund I is targeting high-growth markets in Poland and Romania, managing a development pipeline totaling 389 MW. In Romania alone, the fund is advancing eight solar power plants with a combined capacity of 356 MW, while in Poland it has over 32 MW under development.
Total investments across these markets are projected to exceed €250 million, with more than €90 million already committed as of June 2025. All solar projects are planned for completion by the end of 2027.
