INVL Renewable Energy Fund I, managed by INVL Asset Management signed an agreement with Kommunalkredit Austria AG on a 25 million euro loan for the financing of the construction of 51 MW solar parks in Romania.
“We see Romania as a very rapidly emerging European Union market that is heavily focused on renewable energy projects. We believe the fund’s investments in more renewable electricity production capacity will contribute greatly to reducing emissions and increasing energy security in Romania,” says Liudas Liutkevičius, Managing Partner of the INVL Renewable Energy Fund I.
The fund is investing in eight solar projects in Romania with a combined capacity of 451 MW.
